All things being equal, commodities are expected to fluctuate in this month of October. The prices so far do not yet reflect the rise in transport fares.
In relation with Food Prices in Ghana, Esoko’s analysis has shown that commodity prices in the month of September continued a downward trend with an overall average price change of -4.88 %.
The price of pona dipped by 23.20 % to close at GHS 505.97 per 100 tubers, this was followed by maize which also dropped 10.57 % to close at GHS 142.06 per 100kg bag. Groundnut dropped 5.98 % to close at GHS 535.79 per bag with tomato also dropping 4.16 % to close at GHS 341.67 per crate.
However, Cowpea also closed at GHS 370.59 per bag representing a 3.53 % drop. Soya and gari both dropped less than 3.5 % to close at GHS 229.95 per bag and GHS 191.97, respectively.
Meanwhile, Wheat dropped 1.5 % to close at GHS 304.38 per bag with cassava dropping 1.44 % to close at GHS 68.50 per bag. Local rice, imported rice and millet all dropped less than a percentage point to close the month.
CROP ANALYSIS ON FOOD PRICES IN GHANA
The average price for a bag of maize dropped 10.57 % to close the month at GHS 142.06. The highest price of GHS 222.00 was recorded at Takoradi with the lowest price of GHS 107.00 recorded at Bawku.
The average price for a bag of local rice dropped 0.76 % to close the month at GHS 324.36. The highest price of GHS 400 was recorded at Accra and Dambai with the lowest price of GHS 260.00 recorded at Tamale.
A crate of tomato dropped 4.16 % to close the month at GHS 341.67. The highest price GHS 420.00 was recorded at Kumasi and the lowest price of GHS 289.00 recorded at Takoradi.