Ghanaians looking for the best deals on groceries should consider location and source, according to a new report by the Ghana Statistical Service (GSS). The report, unveiled on April 18, 2024, at Accra Technical University (ATU), revealed significant price variations across the country for various food items.
Western North Region Most Expensive
The study, tracking prices of ten essential food items from January 2023 to February 2024, identified the Western North Region as the most expensive for consumers. This region had the highest median prices for six out of the ten chosen food items, including bread, beans, yams, noodles, cooking oil, and tomato paste.
Interestingly, the GSS report found that price variations are more prominent within regions than between them. This means that shopping around at different stores in your local area could lead to substantial savings. The report advises consumers to be price-conscious and compare offerings before making purchases.
Fresh Produce Leads Price Increases
The study also delves into food price changes, showing a steeper rise for unprocessed local food items like tomatoes, yam, and garden eggs. These products saw a significant increase compared to processed local options like Ga kenkey, fried plantain with beans, and smoked herrings. The price of garden eggs experienced the highest increase (150%) between February 2023 and February 2024.
Another key finding highlights a more than doubling of price changes for imported food items compared to locally produced ones. The average price increase for imported food items was over 70% between February 2023 and February 2024, while local food prices rose by an average of 33.4%. This suggests a potential cost advantage to consuming local produce whenever possible.
Standardized Packaging for Price Stability
Finally, the GSS report suggests that standardized packaging leads to less price variation across regions. Goods with consistent measurements and labeling might offer more predictable pricing throughout the country.
Source: Graphic Online
