Price of locally manufactured bread will from next week Monday shoot up
by one Ghana cedis (GHC1.00), executives of Ashanti Regional Flour Users
Association have announced.
The soon to be effected increment in prices was sparked by the recent
hikes in the market prices of flour and other products used in the
baking of bread.
The new price per the decision of executives will not affect only bread
but all pastries and consumable products made with flour.
Speaking exclusively with the President of the Association Madam
Comfort Akotua, she indicated that the market price tagged on flour by
flour milling companies has imposed an untold hardship on their business
as their cost of bread production at the moment has gone up.
She told this journalist that a bag of flour which was sold to them by
flour millers at the cost of GH 120 has now increased to GH 160, adding
that within the space of one month prices of flour has witnessed
increment for more than five times.
This she underlined has affected most players since majority are
currently running at a loss, hence their decision to increases prices of
bread and all other pastries.
Sharing his ordeal, the Director for Shallom Bakery Mr. Agyekum Michael
disclosed that he sometimes run at a loss and has to cut down
production in other to survive.
Apart from flour, prices of sugar, liquified petroleum gas, firewood,
milk, butter plus other essentials needed for the baking of bread have
gone up, cautioning that if government does not intervene, several
players in the baking industry will quit the business.
Chief Executive Officer for Okyeso Nyame Bakery Madam Mavis
Kwagyiri-Stiles also called on government to assist by subsidizing the
prices of bakery products.