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Business News of Tuesday, 5 May 2020

Source: GNA

Prices of basic foodstuff see marginal decrease in Takoradi

The COVID-19 pandemic has affected various sectors of the economy but prices of some basic foodstuff have seen some marginal reductions in the Takoradi Market Circle.

A visit by the Ghana News Agency to the business district of the Metropolis revealed that a tuber of yam which was sold for GHC 10.00 is now going for less than GHC 9.00 while a bigger bunch of plantain which was sold for GHC30.00 in January this year is now going for about GHC 25.

A bag of rice sold at GHC130.00 is now Ghc127.00 while a sack of cassava which was sold for GHC 100 is now being sold at GHC 98.00.

Madam Baby Acquah, a 45-year-old plantain seller, said the prices of foodstuff often sees a drastic reduction during the harvesting period where there is plenty of food in the system.

She said we are currently in the lean season and because of the COVID 19 pandemic, they have decided to make marginal reductions so that everyone would able to cook at least one meal day.

"We are all in Ghana and we hear day-in-day out individuals, philanthropists, organizations and churches donating to help fight COVID-19, so what we can also do is to reduce the prices of our foodstuffs in these trying times," she said. Mr Sylvester Wuwdaa, a trader, said the reduction in the price would greatly affect their businesses, but it was their contribution towards the fight against the pandemic.

He said in the wake of this deadly pandemic we all have to contribute our quota to help relieve the burden on others.