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
-
‘You won’t win GPL title without your own stadium’ – Bashir Hayford tells Kotoko, Hearts
3 mins -
Ryan Garcia denies using performance-enhancing drugs after beating Devin Haney
16 mins -
We must change phenomenon of moneyed elections – Raymond Atuguba
17 mins -
Accra Lions punished us for not taking our chances – Hearts of Oak assistant coach Abdul Bashiru
20 mins -
Biosafety Authority welcomes court’s dismissal of application seeking injunction on approval of 14 GMOs
31 mins -
Adaklu-Tevikpo murder suspect arrested from hideout
31 mins -
Asante artefacts return: Reawakening of Asante’s Soul
37 mins -
ECG attributes May 1 dumsor to rainstorm
50 mins -
Armed robbers attack Mobile Money agent in broad daylight at Tumu
51 mins -
Ghana to compete for 2024 Olympics ticket in Bahamas World Athletics Relays
54 mins -
COCOBOD workers bemoan effect of illegal mining on cocoa sector
58 mins -
We are unhappy with recent results – Hearts of Oak assistant coach Abdul Bashiru
1 hour -
Why I said Wizkid disrespected Don Jazzy – Macaroni explains
1 hour -
You are making people angry with your utterances – Kwesi Pratt tells Akufo-Addo
1 hour -
Age is just a number: How 60-year-old Argentine emerged Miss Universe Buenos Aires
1 hour