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General News of Sunday, 26 August 2001

Source: GNA

Prices of foodstuffs go down in Koforidua market

A Ghana News Agency (GNA) survey at the Koforidua market on Friday revealed that prices of vegetables have dropped considerably while those of other staples have come down marginally.

A basketful of tomatoes that sold for 35,000 cedis three weeks ago was down to 20,000 cedis.

A tuber of new yam (pona) was sold in the market for between 4,000 cedis and 6,500 cedis whereas two weeks ago they were sold for between 5,500 cedis and 8,000 cedis.

The price of plantain (Apentum) was down to three fingers for 2,000 cedis from between 1,000 cedis and 1,500 cedis per finger two weeks ago.

A bunch of plantain (Apem) was also down to between 35,000 cedis and 45,000 cedis from between 50,000 cedis and 65,000 cedis during the same period.

The prices of legumes and cereals were down. An 'Olonka' of groundnut which sold for 10,000 cedis was down to 7,800 cedis and maize was down to 3,500 cedis per 'olonka' from 6,000 cedis.

A mini bag of rice was sold at 108,000 cedis as against 110,000 cedis, with the maxi bag selling at 210,000 cedis as against 220,000 cedis.

The prices of gari and beans were, however, still high, being sold for 9,000 cedis and 9,600 cedis per 'olonka', respectively.

The market women told the Ghana News Agency that the prices would have come

down drastically were the local farmers not in the habit of sending their produce to Accra where they get cash payment instead of selling to them on credit.