In Ghana, the rise in prices will cause a drop in cereal consumption

As for many African countries, the rise in grain prices following the Ukraine-Russia war but also the surge in fertilizers will constrain consumption by Ghanaians. A rise in prices which is accentuated by inflation, the highest since 2016 at 15.7% in February and the depreciation of the currency, the cedi. In addition, maize and rice productions are expected to decline in 2022/23 due to unfavorable weather conditions. Wheat, constrained consumption Ghana does not produce wheat and will therefore bear the full brunt of rising world wheat prices. Already, the price of flour has been increased three times since the beginning of the year, including two after the invasion of Ukraine by Russia. Bread remains the main wheat flour product in the Ghanaian market despite the recent growth in bakery consumption and the proliferation of pizzerias, observes the United States Department of Agriculture (USDA). The rise in prices will cause a drop in anticipated consumption to 812,000 tonnes in ...