Food Prices as at end of November shows a slight decline to that of October as shown in Chart 2 (Food Price Trends). The November end food prices as shown would most likely go into the Christmas season which means prices in December would be slightly lower than in November. Food prices in Takoradi has proved to be the highest in most food items.
Price Difference Analysis
Further food analysis is found below
Prices continued their downward trend at the end of trading in November. Tomato experienced the heaviest fall of 5.22 percent to close at GHS 196.83 per crate with maize also losing 3.79 percent to close at GHS 116.14 per bag. Groundnut lost 3.52 percent to close at GHS 333.00 with local rice also losing 1.96 to close at GHS 285.86. Cowpea lost 1.37 percent to close at GHS 360.57 with cassava also losing 1.18 percent to close at GHS 69.67 per bag. Gari lost less than a percentage point to close at GHS 209.14 per bag.
There were however some gains that were made by millet, wheat, imported rice, soya and pona. Millet made a gain of 2.78 percent to close at GHS 226.71 per bag with wheat also gaining 2.44 percent to close at GHS 223.50 per bag. Imported rice, soya and pona all made gains less than a percentage point.
Maize The bag of maize lost 3.79 percent to close at GHS 116.14. The highest price of GHS 152.00 was recorded at Takoradi and with the lowest price of GHS 90.00 recorded at Tamale.
Local Rice The average price for a bag of local rice lost 1.96 percent to close at GHS 285.86. The highest price of GHS 450 per bag was recorded at Accra with the lowest price of GHS 219.00 recorded at Tamale.
Tomato The average price of a crate of tomatoes lost 5.22 percent to close the month at GHS 196.83. The highest price of GHS 293.00 was recorded at Tamale with Techiman recording the lowest price of GHS 95.00.