Tomato paste prices surge despite falling fresh tomato costs

Despite a decline in fresh tomato prices, the cost of tomato paste continues to rise, highlighting a divergence in price trends within Ghana’s food market.

This comes as new data from the Ghana Statistical Service (GSS) shows a drop in food inflation, from 28.1% in February 2025 to 26.5% in March 2025.

According to the latest Consumer Price Index (CPI) Report, tomato paste recorded the highest month-on-month price increase of 8.1% among the 25 key food items in Ghana’s national food basket.

This is significant given that overall month-on-month inflation for March 2025 stood at just 0.2%. In contrast, fresh tomatoes saw a price deflation of 4.9%, reflecting lower costs at the retail level.

Other items that recorded notable price increases in March 2025 include sea-caught fish, which saw a 3.2% rise, and hotel accommodation, which increased by 2.4%.

Looking at a broader set of 307 items, independent of their weight in the inflation calculation, ginger continues to top year-on-year price increases, recording a surge of 137.4%. Fresh okro followed with a price increase of 94.6%, while beans saw a 75.6% rise over the past year.

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