Price of rice declines in Ghanaian markets

The price of rice has declined in Ghanaian markets within the last week of November.

It dropped by 9 percent to close the week at an average price of GHS 25.00 for “one small bag of 5kg (imported-Unclesam).”

This was followed by Maize which made a 5 percent drop to close the week at GHS 4.00 per olunka. Yam (Pona) also followed with 4 percent drop to close the week at GHS 3.60 and Soya bean dropped by 2 percent to close the week at GHS 6.40 per olunka.

Cassava (Gari) and Groundnut dropped by a percentage point each to close at GHS 4.40 and 12 .90 per olunka respectively.

Esoko Ghana reported that tomato gained 4 percent to close the week at GHS 11.70 per “medium size tomato tin”. Cowpea followed with 2 percent gained to close the week at GHS 7.80 per olunka and Cassava (fresh tubers) also gained a percentage point to close the week at 3.60 per 3-4 tubers.

The other commodity prices remained the same.

On the various markets, the price for an “olunka” of maize dropped by 20 percent in Dambai to close the week at GHS 4.00, by 16 percent in Bawku to close the week at GHS 3.00 and by 2 percent in Kumasi to close the week at GHS 5.00; in the other markets the price remained the same.

Techiman

A “medium size tomato tin”, full of fresh tomatoes lost 11 percent in Techiman to close the week at GHS 11.50. The commodity however made some gains in Kumasi and Dambai.

Kumasi

In Kumasi, it gained 14 percent to close at GHS 9.10 and in Dambai by 76 percentage to close the week at GHS 7.90. In the other markets prices remained the same.

See the chart below: