Ghana: Takoradi traders are worried over hike in prices of grains and cereals

Published Sep 3, 2024

Tridge summary

Traders in Takoradi's Central Business District are experiencing low sales due to a surge in the prices of grains and cereals. The increase in prices is attributed to fluctuating weather conditions and increased transportation costs. Some examples of price hikes include a two and a half fold increase in the price of white beans and a 115% increase in the price of Bambara beans. The scarcity of rainfall this year has also influenced the price hike, as producers are valuing the limited harvest highly. The traders are calling on the government to intervene and reduce the cost of food commodities.

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

Original content

Traders in the Takoradi Central Business District have expressed concern over the hike in the prices of grains and cereals resulting in low sales. Some of traders who spoke to the Ghana News Agency (GNA) in an interview said the prices of the commodities had shot up marginally due to distorted weather conditions and cost of transportation to the market centres. Madam Georgina Afful, a cereal and grains seller, said a bag of white beans, which was sold for GHC1, 000 last year now goes for GHC2,400. She said a bag of Bambara beans was being sold for GHC2, 700 as compared to last year, which was sold at GHC1,250, while a bag of millet which used to be GHC900 now went for GHC1,200. Madam Afful explained that because most of the commodities were imported from Niger and Burkina Faso, the cost of transportation was high and affected the prices. “Times are really hard and the increase in fuel prices has also affected the commodities from the producers to the market,” she added. Madam ...

Source: Modernghana