Prices of foodstuffs up indeed but falling now – MoFA PR head

The prices of foodstuffs have, indeed, shot up but falling steadily, the Head of PR Unit of the Ministry of Food and Agriculture, Mr Bagbara Tanko has said.
He admitted to Afia Papabi on CTV’s morning show Dwabremu on Tuesday, 19 October 2021 that: “Yes, the prices of foodstuffs have gone up. It’s a fact”.
“Two, three months back, the prices of food shot up but as we speak, the prices are falling”, he explained.
Mr Tanko noted that food prices are seasonal.
“Tomatoes, for instance, are perishable, so, when they are in season, the prices are reduced for a quick sale, otherwise they perish and the farmer will be at a loss”.
On the other hand, he noted, “if we get to the season where tomatoes are not in season, tomatoes become scarce and that becomes the time for the farmers to also cash in a bit to support their own economy”.
“So, during the harvest season, the prices of foodstuffs fall and when we are out of the harvest season, some of the items go high and it’s a trend that has been with us for a very long time”, he observed.
He illustrated: “In 2015, for example, 100 kg of white maize was selling at GHS147 but as we speak, in 2021, the same quantity is selling around GHS150-something”.
“So, you see, the season tells the price and the level of production also counts”.
Source: classfmonline.com
Trending Business
Anchor 24-hour economy on agriculture and manufacturing -GFL to gov't
01:07COCOBOD board chair pledges modernisation to support 24-hour economy policy
04:05Banking sector clean-up: Ex-NPP Youth Organiser refutes Frank Adu's claims, says sector stronger than ever
11:02Agric Minister woos Turkish tractor manufacturer to set up plant in Ghana
10:41GRA targets September 2025 to finalise VAT reforms ahead of 2026 budget
09:46Food Suppliers Association praises President Mahama's Initiative
08:28SEC warns public against unlicensed investment schemes promoted on Social Media
10:01Parliament approves $360 million World Bank facility to support Ghana’s economic recovery
07:13Free Zones Authority engages Libyan business delegation to deepen investment ties
15:49Plastic prices to increase by 7% from July 1 due to new excise tax – GPMA announces
12:01