Peasant farmers warn of possible hike in food prices next year

The Peasant Farmers Association of Ghana (PFAG) is warning that food prices will go high from next year, if the government does not scrap the myriad of taxes on farming inputs.

PFAG argues that the government’s fund allocation to the sector over the years has been very minimal despite being a major contributor to Ghana’s Gross Domestic Product.

Speaking at a media interaction on the IMF bailout in Accra on Thursday (20 July) on the theme “What did Ghana sign-up for? Considerations for 2023 Mid-year Budget Review”, the executive director of PFAG Charles Nyaaba called for urgent government intervention to reverse the trend.

“As we said earlier, the picture of food supply in 2024 next year is not something that we are predicting to be good.

“And the main cause of that is increase in the cost of production, input prices is gone up, farm mechanisation is gone up, fuel or energy is gone up leading to almost 100% in the cost of production,” Nyaaba said.

“So, we expect to hear tax waiver for agro inputs that will actually allow suppliers of this inputs to be able to make them available to farmers at a moderate cost,” Nyaaba said.

Listen to Charles Nyaaba in the attached audio clip below:

Watch the full briefing in the attached video clip below:

Reporting by Fred Dzakpata in Accra

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