Key commodities see significant price hikes in Ghana

Published Aug 2, 2024

Tridge summary

Esoko Limited has released its Market Price Index, which has shown a consistent rise in prices of essential commodities in Ghana since January 2024. The report highlights significant fluctuations in key staples like maize, tomatoes, and yam. Maize prices have seen a 22% increase since May, tomato prices have risen by 18% due to high demand and low supply, and yam prices have increased by 15% due to high transportation costs and increased demand. These price hikes are attributed to factors such as high input costs, increased transportation costs, lean season impacts, rising demand, low supply, and high post-harvest losses.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Esoko Limited, a leading provider of agricultural market information, has released its latest Market Price Index, revealing substantial price trends for essential commodities in Ghana. The report shows a consistent upward trajectory in prices since January 2024, with significant fluctuations in key staples like maize, tomatoes, and yam. An Esoko Market Price Index made available to the Communication for Development and Advocacy (CDA Consult), communicate2develop@gmail.com, which is a development communication advocacy non-governmental organization based in Tema, Ghana, through Mr. Yakuba Issah, Esoko, Communication and Marketing Office, has revealed. According to the report, maize, a critical crop for human consumption and animal feed, has experienced notable price volatility. Following a gradual increase from January to April, prices dropped by 13 percent in May as farmers sold their produce to prepare for the major crop production season. However, prices have risen by 22 percent ...

Source: Modernghana