Food Prices Down but Still High in Ghana Despite Government Efforts

The Planting for Food and Jobs policy was implemented in 2017 to reduce food imports, improve farmer welfare, combat declining food production, and address unemployment.

Despite the policy, food inflation soared to over 50% in 2022.

The deputy finance minister emphasized the policy has played a crucial role in reducing food inflation from 54.1% in December 2022 to 28.7% in December 2023.

The minister insists the economy is on the right path due to the government's drastic and efficient measures.

Although monthly inflation declined in February 2024, month-on-month food inflation increased from 1.6% to 2.0% fueled by rising prices of vegetables, tubers, plantain, fish and seafood.