Commodity prices stabilize in major markets in Accra

Commodity prices stabilize in major markets in Accra

Foodstuff Peo32

There have been a significant decrease in prices of commodities in various major markets


Prices of commodities in various major markets centres in Accra closed at the end of January with mixed reaction, a weekly survey conducted by the Ghana News Agency revealed.

The survey showed that while prices of some foodstuffs were stable from previous week’s trading or marginally higher due to supply variations from the hinterland, other commodities were not available.

At the Agbogbloshie, a small basket of tomato still went for GH? 30.00 and a box was sold at GH? 400.00, and an Olonka also went at GH? 5.00.

A sack of onion dropped to GH? 380.00 from the previous price of GH? 400.00.

Hundred tubers of ‘pona’ yam (big size) hovered between GH? 850.00 and GH? 1000.00 whilst the same quantity of ‘pona’ (small size) was pegged at GH? 550.00, a tuber (big size) went for GH? 10.00 while the small size was sold at GH? 6.00.

A sack of cassava was sold between GH? 700.00 and GH? 800.00 while the small sack was sold at GH? 500.00.

However, a sack of processed cassava (dough) went for GH? 550.00 with an ‘olonka’ being traded at GH? 12.00.

Some legumes, cereals and grains such as beans, maize, rice and sorghum continued to witness some fluctuations in their prices throughout the week, according to traders Mrs Famanyame Akorli, Mrs Eunice Pobie and Madam Jennifer.

A sack of beans was sold between GH? 700.00 and GH? 750.00 while an ‘olonka’ went for GH? 16.00. A sack of sorghum and millet was also sold between GH? 300.00 and GH? 400.00.

An ‘olonka’ of sorghum and millet was pegged at GH? 9.00. A sack of maize also traded at GH? 250.00.

In the Adabraka market, three tubers of yam (small) is GH? 10.00 and the big ones go for GH? 17.00; three tubers of cassava is still sold at GH? 6.00, other commodity prices remain unchanged.

At the Tudu market; Madam Ramatu Abdulai, a tomato vendor, said a box of tomatoes is pegged between GH? 800.00 and GH? 1000.00; retail prices tomatoes still sold at GHC20.00 for the small paint bucket size, GH? 10.00 for for olonka.

At the Makola market GNA observed a significant decrease in prices of commodities due to the season.

Traders explained that foodstuffs such as plantain, onion, tomatoes and cassava has seen a reduction in its prices because it is in abundance, but the prices of other commodities still remain unchanged for previous weeks.

A sack of onion that was sold at GH? 500.00 is now GH? 370.00 or GH? 380 depending on the size, the price of plantain and cassava have also dropped significantly.

But the price of tomatoes gone up from GH? 1,400.00 to GH? 1,600.00 for the big box, whilst the small box has also moved from GH? 400.00 to GH? 700.00.

At the Tema Station in Accra Central, traders attributed the high prices of cassava and plantain to dry weather condition; bunch of ripe plantains was sold at GH? 10.00; four pieces at GH? 5.00 and a bunch of unripe plantains was GH? 30.00.

At the Kaneshie Market Complex, the prices of beans big size sack was pegged at GH? 600.00 and small sack GH? 280.00; a sack of onions is GH? 400.00; and Olonka goes for GH? 20.00; a sack of groundnuts goes for GH? 600.00; olonka pegged at GH? 15.00; Cassava big sack goes between GH? 100.00 and GH? 150.00 and small sack between GH? 80.00 and GH? 100.00.

A big box tomatoes which was pegged at GH? 1000 is now sold at GH? 450.00; the small box have dropped from GH? 450.00 to GH? 250.00; a big sack of maize which used to be sold at GH? 250.00 is now sold between GHC280.00 and GH? 300.00 and the small sack moved from GH? 200.00 to GH? 250.00.

At the Teshie and New Ogbojo market, a sack of cassava GH? 100.00; a sack of Gari goes for GH? 350.00 and a box of tomatoes goes for GH? 450.00, small bucket pegged at GH? 70.00.

The GNA observed that at the Odorkor market, the prices of major commodities remain unchanged as onion, tomatoes and plantain are in season forcing the price to go down.

According to the traders the price of plantain would remain low April where it finally becomes scarce and that is when its price takes a hike. Cassava is however scarce due to the dry season.

At the Tuesday market, a sack of millet is sold between GH? 240.00 and GH? 250.00; a sack of Groundnut sold between GH? 800.00 and GH? 700.00; and a sack of beans goes for GH? 400.00.

At Ashaiman market, GNA observed that the price of tomatoes has dropped sharply from GH? 800.00 in December to GH? 400.00; a bunch of plantain is sold between GH? 30.00 and GH? 50.00 depending on their size.

Other markets visited includes the Madina, Kantomanto, Dansoman, Mallam Atta Market at Accra New Town, and Nima.

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