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
-
Man remanded for uploading nude videos of a lady he lured into a relationship
5 hours -
Explainer: What is the Cash Waterfall Mechanism?
5 hours -
Survivors of child trafficking overcome adversity, excel in tertiary education
6 hours -
Confront the barriers to your progress – Professor Lydia Aziato challenges the youth
6 hours -
Expertise France leads EU-funded initiative empowering African Journalists to combat human trafficking
6 hours -
Ghana Grows Programme empowers Ghanaian youth through Youth Policy Dialogue
6 hours -
Eastern NDC raises GHS5.4m to support Mahama’s 2024 campaign
7 hours -
Kumawood actress Akyere Bruwaa condemns death rumours
7 hours -
Ghana Institution of Engineering calls for proactive measures to prevent flood disaster
7 hours -
Who pays for the extra cost? – COCOBOD CEO questions EU on new regulations
7 hours -
‘Dumsor’ will be over by end of May – Former NPP MP assures
7 hours -
Power crisis is not about money – NPP Manifesto Committee member
7 hours -
Education Minister urges graduates to embrace opportunities
8 hours -
UN rights chief ‘horrified’ by mass grave reports at Gaza hospitals
8 hours -
We need more resources to deal with flooding – NADMO
8 hours