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
-
Adamus CEO Angela List elected First Vice President of Ghana Chamber of Mines
7 minutes -
Eni Ghana, Italian Development Agency sign agreement to explore joint development projects
21 minutes -
GCB Bank and VISA expand collaboration to deliver smarter, customer-centric payment solutions
36 minutes -
Partey visa ban: We are racing against time – Ablakwa reveals barely 48hrs to Ghana’s opener
4 hours -
DHLTU’s Open Day and Mini Trade Fair: When classrooms turn into marketplaces
4 hours -
Stranded tricycle waste collectors threaten to offload trash at unauthorised locations in Kumasi
4 hours -
Upper West minister challenges DHLTU leaders to excel at SRC Week 2026 launch
5 hours -
Office of Government Machinery not burdened by political appointees — Kwakye Ofosu replies Damongo MP
5 hours -
US Air Force B-52 bomber plane crashes after take off in California
6 hours -
SpaceX IPO raised $10bn more than thought
6 hours -
Heroic Cabo Verde clinch draw with Spain
6 hours -
Parents of 24 Ghanata SHS students agree to pay GH¢5,200 over alleged food theft by their wards
6 hours -
Kasapreko PLC lists on GSE, opens new chapter for growth
7 hours -
AI strategy key to positioning Ghana as leader in responsible AI development – Bandim Abed-Nego
7 hours -
Damongo MP urges CSOs to probe true cost of Mahama’s government
7 hours