Audio By Carbonatix
The Agric Minister says the recent hike in food prices is usually around August and September, assuring consumers that they should expect it to normalise by January 2022.
Dr Owusu Afriyie Akoto speaking on PM Express on the JoyNews channel, the Minister said, "We expect that prices and supplies will be back to normal come November, December, January."
He also explained that the underlying factor for the recent hike is drought which resulted in low yields.
"Every four, five years, there's a drought; it's not something new. So prices have always gone up in this period, seasonally every year.
"If you look at the records going back 60 years or more, Every five years there's been a drought, and we've been lucky. We had normal years from 2017 through to 2019, and in 2020 we were hit.
"In the southern part of the country, there was a drought in both the minor and major seasons. So obviously, that's the underlying factor.
The Minister admits that the production of crops such as maise and other grains went down but insists it primarily affected the feed for livestock and not human consumption.
Dr Afriyie Akoto also dismissed suggestions that prices are high due to the shortage of food on the market.
He said that the country is experiencing low stocks and not a shortage.
The Minister further stated that "countries coming to Ghana to buy grains are doing so because they are experiencing shortages, but in Ghana, we are exporting, so there can't be a shortage. The shortage is when, in spite of what money you carry, you can't get food to buy," he said.
Latest Stories
-
Emissions Levy had no impact on air pollution, research reveals
34 minutes -
DSTV enhanced packages stay in force as subscriptions rise following price adjustments
38 minutes -
Financial Stability Advisory Council holds final meeting for 2025
57 minutes -
Education in Review: 2025 marks turning point as Mahama resets Ghana’s education sector
1 hour -
Nigeria AG orders fresh probe into alleged intimidation and assault of Sam Jonah’s River Park estate staff
1 hour -
Concerned Small Scale Miners commend GoldBod’s efforts in addressing gold smuggling
1 hour -
Haruna Mohammed claims Ghana Audit Service undermined
1 hour -
5 members of notorious robbery syndicate in Tema, Accra arrested
1 hour -
BoG, SEC and FIC hold Joint sensitisation workshop for Virtual Asset Service Providers
2 hours -
How Nico Cantor became one of the top voices in American soccer
2 hours -
Ghana colorectal cancer patients face low survival rates, KNUST study finds
3 hours -
Police arrest suspect in GH₵ 7.5m daylight robbery at Adabraka
3 hours -
Armwrestling: The Golden Arms’ 2025 Triumph and an Era of Unprecedented Victories
3 hours -
Ghanaian researcher wins ASCE editors’ recognition for modular construction study
3 hours -
Corruption fight: I don’t think there’s political persecution or witch-hunting – Edem Senanu
3 hours
