Food Prices in Ghana – September 2020

COUNTRYWIDE ANALYSIS

At the end of trading in the month of September, commodity prices traded mix. The price of tomato increased by 5.35 percent to close at GHS 348.17 per crate. This was followed by Gari with a 3.78 percent increment to close at GHS 231.75 per 68kg. The price of local rice white also increased by 3.18 percent to close the month at GHS 223.14 per bag. Soya bean made a 3 percent increase closing the month at GHS 294.57.

Commodities that made losses included yam pona which decreased 8.9 percent in price, closing at GHS 742.83 per 100 tubers. Maize white and groundnut shelled recorded a 5.28 and 3.79 percent loss respectively closing at GHS 153.86 and GHS 544.43. Cowpea inched downwards by 1.61 percent to close at GHS 477.14

Out Look for October 2020, all things being equal, it is expected that commodity prices in most of the southern markets will remain relatively stable with occasional drops. This is because most of the commodities grown down south of the country are still in the harvest season. It is also expected that supplies from the northern parts of the country will trickle in towards the end of October hence, further drops in prices can be expected.

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CROP ANALYSIS

Maize

The average price for a bag of maize lost 5.28 percent to close the month at GHS 153.86. The highest price, GHS180, was recorded in Dambai and Accra markets. The lowest price of GHS 110 was recorded in Bawku. It is expected that the price of the commodity will continue to fall further as more is supplied to the market.

 

Rice Local

The average price for a bag of local rice gained 3.18 percent to close the month at GHS 375.14. The highest price, GHS 480, was recorded at Dambai market and the lowest  price, GHS 229, recorded in Bawku. Prices are expected to fall when major producing areas harvest and supply the market.

 

Tomato

A crate of tomato increased 5.35 percent to close the month at GHS 348.17. The highest price, GHS 500, was recorded at Dambai market and the lowest price, GHS 150, recorded in Kumasi. The price of the commodity continues to fluctuate on the market.