Wholesale and retail prices of provisions such as milo, milk, sugar and other food items like bags of rice and gallons of oil have soared, some with a 100-percentage increase.
This came to light when 3news visited the Mallam Atta market.
A trader at the market, Regina, intimates that currently there is a downturn in sales due to the high rate of food inflation.
She further added that customers do not visit the market often as they used to because of the high cost of food.
“5kg of rice which used to be sold at GHC70 is now being sold at about GHC100. Oil is also expensive, however the price range for tomato paste is much better”. “Regina said.
Another trader, Osei Boamah, said that the wholesale price of a bar of chocolate was GHC15 about a month ago, but now it is 25 cedis. He mentioned that the surge in prices is gradually affecting his business.
“The prices of provisions continue to increase significantly. Now chocolate which is an all-time favorite of most people and other food products are not bought frequently,” he lamented.
Amid the soaring inflation, the rising cost of food in the country has left many families struggling to make ends meet.
Recounting the unstable prices of provisions, Gifty Sarpomaa said the increase in prices of food items especially provisions, is witnessed every day.
She said there is a 50 to 100 percentage price increment daily and sometimes within two days.
Until Ghana’s food inflation stabilises, traders and consumers would have to grapple with the skyrocketing food prices.
BY AKUA OFORIWA DARKO
