Audio By Carbonatix
Bread bakers in the Ashanti Region have appealed to the public to accept the new prices of the product announced on Monday, August 2, 2021.
The Bread Bakers Association announced a 20 per cent increase in the price of a loaf of bread.
Consequently, a loaf that used to sell at GH₵5.00 now goes for GH₵6.00 while a GH₵10.00 loaf now sells at GH₵12.00.
Mrs Philomena Boakye-Yiadom, the President of the Association, said the increase is due to the sharp increase in the prices of raw materials for producing the commodity.
She told the Ghana News Agency in Kumasi that the continuous increases in the prices of flour, wheat, yeast, margarine, sugar and other items were seriously affecting the cost of production, a situation she said had resulted in layoffs in the industry and dwindling profits.
"Everyone will bear with us that the price of the materials we use in baking bread has gone up,” she said.
“We have workers and drivers we pay, and the price of fuel has also gone up,” Mrs Boakye-Yiadom said.
She urged consumers to embrace the increment to enable bakers breakeven to stay in business to prevent massive layoffs, which could aggravate the unemployment situation in the country.
Latest Stories
-
University of GoldCoast, ICAG sign MoU to strengthen finance education and financial literacy
10 minutes -
Minimie Atsomo launches ‘Laugh-It-Off Creator’ challenge to support digital creators
11 minutes -
Police probe death of Liberian man after mob attack in Lashibi
15 minutes -
Why training children in AI today could shape Ghana’s future
19 minutes -
President Mahama recalls having nightmares after his father’s detention following 1966 coup
22 minutes -
Interim Kotoko coach Prince Owusu blames players for Vision FC draw
22 minutes -
Ghanaian residents in Qatar asked to register for emergency preparedness
30 minutes -
Ps. Jerry Eze, others to headline 2026 iYES Conference
44 minutes -
Manye Nueki aka Gifty Rafiatu Carboo
49 minutes -
Thousands more flights cancelled as Iran strikes continue
50 minutes -
Ambassador Smith rallies US-based clergy to ignite patriotism and investment in Ghana
52 minutes -
Kojo RYCHY’s ‘report’ highlights faith, struggle and unexpected support
53 minutes -
Taxation of Electronic Commerce activities in Ghana
56 minutes -
Does Ghana really need 15 months of foreign exchange reserves?
1 hour -
US-Iran war: ECOWAS sounds alarm over Gulf hostilities
1 hour
