Skip to main content

Kenkey price doubles; Dep. Agric Minister calls for calm

 


Lovers of local delicacies have expressed concerns over the continuous shrinking balls of Kenkey in the country especially in Accra.

Kenkey is a staple dish prepared with corn dough in the country. It is a very popular dish and is usually served with pepper sauce and fried fish.

However, the price of its main ingredient, maize, is soaring. Some kenkey sellers in Accra say a bag of the crop, which sold at GH¢220 last year, is now selling at GH¢550.

This is affecting the purchasing power of consumers who are reeling from the sudden hike as vendors are forced to pass on the cost to them.

Market researchers Esoko has said its survey is showing an increase of more than 100%.

A Deputy Minister for Foods and Agriculture, Yaw Frimpong Addo has assured the Ghanaian populace of stability in prices of foodstuffs latest by September.

According to him, the Ministry hopes that within the given month and October, there would be more supply of goods and produce which will help settle the upsurge in prices.

It is our hope that once the new produce has been harvested by end of September, October prices will stabilize because we are going to have a lot of foodstuffs in the market and naturally the demand and supply will settle the price,” he said.

This, he said, was because the new crops planted would be harvested between August and September.

Lots of them will be harvested especially the middle sector and the Southern sector,” he said.

Speaking on the Business Edition of PM Express, Addo said that “the Northern sector are now planting and if by three months they are ready, it will be harvested so in the Northern sector.”

He indicated that the produce that would be harvested from the northern belt between October and November is expected to last to the next planting season.

We were looking at October, November and they will also a harvest and that one will take us through next year up to the time of planting up to the time of the next harvest.”

Read also: Govt finally unveils its first Ghana CARES initiatives

It’s a technical thing and it’s just unfortunate that last year we had bad weather in the middle and Southern belt and it affected the output in these areas but for the North that has very good rains, we were going to face some serious drought in this country. Thank God that we escaped that calamity,” he added.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...