Business News of Friday, 14 June 2024
Source: 3news
Prices of provisions such as Milo, milk, sugar, rice, and oil have soared, some doubling, at the Mallam Atta market.
Trader Regina noted a downturn in sales due to high food inflation, with 5kg of rice rising from GHC70 to GHC100.
Osei Boamah highlighted that chocolate prices have increased from GHC15 to GHC25 in a month, affecting sales.
Gifty Sarpomaa reported daily price hikes of 50-100%.
The rising food costs are straining families, and until inflation stabilizes, both traders and consumers will struggle with these escalating prices.