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Foodstuff prices are expected to remain high until June – GAWU

Mabel Boamah by Mabel Boamah
2 years ago
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Foodstuff prices are expected to remain elevated until June - GAWU
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The General Agricultural Workers Union (GAWU) predicts that food prices will stay high until June, when crop harvesting will start.

Following a six-month decline, food inflation dropped to 27.1% in January 2024.

In an interview with Joy Business, which was monitored by ATLFM NEWS, General Secretary Edward Kareweh cautioned that the prices of food are not expected to improve in the near future.

“Well, the price of food will not get better anytime soon. Looking at the country as a whole, we are entering into or are already in the lean season of production and no part of the country is experiencing harvest of foodstuff, particularly the major samples”.

“If we look at maize, it’s not being harvested anywhere in the country. Similarly, rice is also not being harvested unless those in the irrigation areas”, he added.

According to him, a large portion of the country is currently not receiving any rain.

“Generally speaking, there are no rains throughout the country, and at this time also the Western parts of the country will begin preparation of their farms for the major season”.

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“During this season, all the foodstuff we are eating is from last year. So don’t expect food prices to come down now”, he pointed out.

In addition, Mr. Kareweh stated that food prices are anticipated to increase and remain high until the harvest season begins around June/July in the Southern regions of the country.

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Ten out of 15 Sub-Class register inflation higher than overall food inflation

Seven divisions recorded inflation rates higher than the national average.

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They are Alcoholic Beverages, Tobacco and Narcotics (38.5%); Personal Care, Social Protection and Miscellaneous Goods and Services (32.0%); Restaurants and Accommodation Services (29.2%); Furnishings, Household Equipment and Routine Household Maintenance (27.7%) Food and Non-Alcoholic Beverages (27.1%); Health (26.6%) and Recreation, Sports and Culture (24.9%).

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