Audio By Carbonatix
Ghanaians have been urged to brace themselves for a spike in prices of foodstuff as the Niger coup gradually takes its toll on the importation of the commodity.
Interacting with JoyNews’ Evans Mensah, some traders at the Mallata Market stated that most of the ingredients needed for the preparation of the Ghanaian staples are imported from Niger, Burkina Faso, Mali, and Togo.
Thus, with the reign of military authorities who have restricted movement in their various countries, transportation of the commodity has become tedious and expensive.
Ghana’s inflation rate has soared yet again and with food inflation being the major contributor, traders and buyers at the Mallata Market spoke on JoyNews’ PM Express: Market Edition to get first-hand information to ascertain what could be the cause of the spate of food inflation.
At the abattoir, the butcher revealed to JoyNews that the prices of meat will see a significant increment should the Niger coup continue to impose restrictions in the West African country.
According to him, this is because Ghana’s major suppliers of livestock animals are from Niger and Togo, noting that consumers of the product will soon start feeling the pinch of the impediment in supply.
He, however, added that “meat at the moment is in abundance. Togo is still supplying us with animals, it is Niger that has become a problem for now."
“So we’re hoping the coup situation is resolved as soon as possible else prices would increase due to scarcity,” he said on Monday.
On the part of a yam seller, she revealed that this period is the yam season hence prices have been reduced.
However, she complained about the cost of transporting their product to the urban markets.
She said that the cost incurred sometimes makes it difficult to significantly reduce the prices.
A buyer who interacted with JoyNews complained about how much more money he spends to purchase the exact quantity of food he used to buy.
“I used to buy my fufu and others at GH₵30.00 now I spend GH₵60,” he lamented
Latest Stories
-
IShowSpeed called Ghana home. Now the world is watching. Here is how to own a piece of it
38 seconds -
SpaceX IPO makes Elon Musk the world’s first trillionaire
7 minutes -
Assin Adubiase Methodist Basic School marks 120 years of educational excellence
10 minutes -
Beyond the Return: How the diaspora homecoming movement is reshaping who owns Accra’s prime real estate
20 minutes -
Thomas Partey denied entry to Canada, unable to play Ghana’s World Cup opener
22 minutes -
Thomas Partey denied entry to Canada, unable to play Ghana’s World Cup opener
24 minutes -
Nii Lante Vanderpuye resigns as DRIP National Coordinator
29 minutes -
From Ghanaian passport to Ghanaian Property: Why African Americans are betting on Ghana’s real estate boom
29 minutes -
Francis Adoba Arhin aka Master Arhin
43 minutes -
Death by neglect: Why building collapses continue to haunt Ghana
50 minutes -
Gov’t releases over GH¢76M to support Black Stars’ World Cup campaign
1 hour -
Assin Fosu MOFA launches ‘feed Ghana’ school project to promote food security and agricultural skills
1 hour -
Nigeria killed more than 13,000 ‘terrorists’ in past year, President Tinubu says
1 hour -
US extradition of convicted former MASLOC chief hands Ghana a historic cross-border justice win
1 hour -
Ghana’s system makes it difficult for entrepreneurs to succeed – Crown Peak Holdings CEO
1 hour