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Business News of Thursday, 17 May 2012

Source: Daily Guide

Tomato, Maize Prices Go Up

The price of tomatoes went up at the Agbogbloshie, Kumasi Central, Takoradi and Hohoe markets at all trading levels over the week At the wholesale trading level, prices went up by 29 percent (GH¢ 4.00 to GH¢5.19), 3 percent (GH¢2.94 to GH¢3.03), 14 percent (GH¢3.50 to GH¢4.00) and 20 percent (GH¢5.00 to GH¢6.00) respectively. Retail prices of the commodity went up by 30 percent (GH¢3.84 to GH¢5. (GH¢2.30 to GH¢2.50), 7 percent (GH¢2.80 to GH¢3.00) and 13 percent (GH¢3.80 to GH¢4.30) respectively.

The Agbogbloshie, Kumasi Central, Techiman and Hohoe markets also registered price increase in groundnut (edible) at the retail trading level over the week. Prices went up marginally by 9 percent (GH¢3.84 to GH¢4.20), 4 percent (GH¢ 2.92 to GH¢3.04), 5 percent (GH¢3.54 to GH¢3.70) and 6 percent (GH¢3.54 to GH¢3.75) respectively.

Wholesale and retail prices of maize (white grain) increased in the Takoradi, Kumasi Central and Hohoe markets over the week. Retail prices increased by 20 percent (GH¢ 1.00 to GH¢1.20), 25 percent (GH¢1.23 to GH¢1.54) and 22 percent (GH¢0.85 to GH¢1.04) respectively.