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Food Prices in Ghana – February 2020

By February 29, 2020 No Comments

COUNTRYWIDE ANALYSIS

At the end of trading activities in the month of February, prices of many commodities increased. There was a hike in the price of tomato from GHS 507.50 to GHS 619.33 per crate representing an increase of 22.04% with cassava also trading at GHS 89.50 per bag representing 6.34% increase. Groundnut gained 4.69% to close at GHS 526.14 per bag with soya gaining 3.06% to close at GHS 250.57. Millet gained 2.83% to close at GHS 228.71 per bag with local rice also  making a gain of 2.62% to close at GHS 325.00 per bag. Maize made a gain of 1.96% to close at 133.86 per bag with gari also gaining 1.30% to close at GHS 189.14 per bag. Both cowpea and pona gained less than a percentage point to close the month.

Wheat and imported rice both dropped less than a percentage point to close the month.

Out Look for March 2020: all things being equal, it is expected that majority of the commodities will see an increase price.


CROP ANALYSIS

Food_Prices_Ghana_Feb_2020

Maize
The average price for a bag of maize gained 1.96 percent to close the month at GHS 133.86. The highest price of GHS 187 was recorded at Takoradi. The lowest price of GHS 95.00 was recorded at Bawku.

 

Rice Local
The average price for a bag of local rice gained 2.52 percent to close the month at GHS 325. The highest price of GHS 413 was recorded at Dambai, with the lowest price of GHS 233 recorded at Tamale.

 

Tomato
A crate of tomato gained 22.04 percent on average to close the month at GHS 619.33. The highest price of GHS 883 was recorded at Dambai, and the lowest price of GHS 370.00 recorded at Kumasi.