FOOD PRICES ACROSS GHANA
COUNTRYWIDE ANALYSIS
Commodities traded mix in the month of October with an overall rise in average prices of 1.79 percent. Maize dropped 7.29 percent to close the month at GHS 131.71 per 100kg bag with Gari dropping 9.96 percent to close at GHS 172.86 per bag. Groundnut also dropped 6.07 percent to close at GHS 503.29 per bag. Wheat dropped 0.98 percentage points to close at GHS 301.40 with Millet also losing 3.51 percent to close at GHS 225.57. Pona lost less than 0.1 percent.
Some commodities however, increased in price. Tomatoes had a 33.32 percent hike in price from last month’s GHS 341.67, jumping to GHS 455.50. Cassava gained 5.84 percent to close at 72.50 per bag with Soya also gaining 4.43 percent to close at GHS 240.14. Cowpea made gains of 2.92 percent to close at GHS 381.43 with local rice also gaining 1.83 percent to close at GHS 330.29. Imported rice gained less than a percentage point.
Out Look for November: all things being equal, commodities are expected to trade mix in the month. In the later part of the month, we expect prices to start increasing due to higher food demand towards the festivities.
CROP ANALYSIS
Maize The average price for a bag of maize dropped 7.29 percent to close the month at GHS 131.71. The highest price of GHS 180.00 was recorded at Accra with the lowest price GHS 79.00, recorded at Techiman.
Rice Local The average price for a bag of local rice gained 1.83 percent to close the month at GHS 330.29. The highest price of GHS 440, was recorded at Dambai, with the lowest price of GHS 246.00 recorded at Tamale.
Tomato A crate of tomato gained 33.32 percent to close the month at GHS 455.50. The highest price GHS 750.00 was recorded at Dambai and the lowest price of GHS 189.00 was recorded at Tamale. Traders say that prices are high due to continuous rains causing the tomatoes to rot. However, traders in Tamale are trading local tomatoes that are grown around Tamale and its environs.
