After a day long closure, pharmacies in the country reopened on Wednesday. The Bahamas Pharmaceutical Association member companies closed their doors on November 1st in response to the governments new price control initiative.
Prime Minister, the Hon. Philip Davis addressed Parliament on the issue saying, “the new controls on medications are in effect. Pharmacies will remain open and we expect pharmacies to come into full compliance in the coming days. In raising the minimum wage and expanding price controls my government is holding firm in protecting the interest of the Bahamian people.”
In light of the concerns voiced by businesses Mr. Davis said, “we have listened to their concerns and we have been flexible about some of the details. We will continue to review the impact of price controls on both consumers and businesses but the bottom-line is the cost of this global inflation crisis must be a shared burden, not one that falls primarily on Bahamian families just working to get by.”
The changes to new price control items took effect on October 17th after being announced by the Prime Minister in a national address on October 11th.