Despite the hikes in food prices, he has assured that prices in the coming days will reduce with the provision of trucks to market queens for the movement of food items from the rural areas to the urban areas.
ADVERTISEMENT
We're working to reduce food prices in the country — Nana Addo
President Nana Addo Dankwa Akufo-Addo has said the government is working to lessen the prices of food on the market.
Nana Addo
Recommended articles
He made this known at the 22nd General Meeting of the Presbyterian Church of Ghana at Kwahu Abetifi in the Eastern Region.
According to him, "Arrangements are being made with market women, market queens, in popular parlance, to provide trucks to evacuate foodstuffs from rural markets to urban centres to help reduce the cost of food prices in the city."
The cost of food increased 32.3 percent in July of 2022 over the same month in the previous year.
ADVERTISEMENT
Food inflation averaged 9.34% from 2013 until 2022, reaching an all-time high of 32.30 percent in July 2022 and a record low of 5% in July 2014.
The inflation rate rose further in July 2022 after the headline rate surged to 31.7% from 29.8% recorded in the previous month.
Professor Samuel Annim, Government Statistician highlighted the impact of the key drivers on the increase in the overall inflation rate for July 2022.
He said "We composed this from two perspectives, the food, and non-food inflation, and from a domestic and imported perspective. From the food and non-food inflation, we recorded food inflation of 32.3% and 31.3% for non-food inflation.
"From the domestic perspective, we recorded 29.2% and imported inflation of 31.3%."
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
609 Ghanaians died in first 3 months of 2024 through road crashes - NRSA reveals
Stay in your parents' house while you do your NSS - Sammy Gyamfi advises graduates
Joseph Addo files nomination to contest as NPP Parliamentary aspirant for La Dadekotopon
Dumsor: ECG board members reject PURC GH¢5.8m fine
Woman who claims to have been taken to another world by dwarfs shares experience
Organised Labour threatens to strike May 2 over Tier-2 pension arrears
Nana Addo assures he will prioritize the welfare of cocoa farmers
Truck driver arrested for allegedly causing train accident on Tema-Mpakadan railway line
