Friday, April 19, 2024

Haiti imposes heavy fine for price gouging

Date:

Share post:

PORT AU PRINCE – Haitian authorities says traders face a fine of half a million Gourdes (One Gourde=US$0.01 cents) and a five-year jail term after police detained at least three of them for engaging in “black market” activities as a result of the coronavirus (COVID-19).

The Ministry of Commerce said despite warning all traders that they are strictly forbidden to take advantage of the situation, many have engaged in the illegal activities of increasing the price for their goods.

The ministry said that the practice has serious consequences for the poorest families who find themselves deprived of the products essential to their subsistence “due to the unjustified and abusive rise in the price of basic necessities”.

The Ministry said that It wanted to remind traders that they face up to five years and a fine of between 100 000 and 500 000 Gourdes, if they are convicted of any offence under the relevant law. (CMC)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

WIPA commends Hayley Matthews for historic win as Wisden’s Leading T20 Cricketer in the World

The West Indies Players’ Association (WIPA) proudly commends West Indies Women’s captain Hayley Matthews for being designated Wisden's...

Abrahams: Be Prepared

Barbadians have been urged to be as prepared as possible as the country braces for an active Atlantic...

BWA Continues Mains Replacement in St. Thomas 

The Barbados Water Authority (BWA) advises that work to replace themains in Bridgefield, St. Thomas is still in...

Police seeking information on Pinelands shooting

The Barbados Police Service (TBPS) is seeking the General Public’s assistance with information relative to a shooting incident,...