Home / Business / “Tomato Prices Soar in Kumasi Amidst Exchange Rate Woes and Militant Attacks (Boko Haram).”

“Tomato Prices Soar in Kumasi Amidst Exchange Rate Woes and Militant Attacks (Boko Haram).”

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The recent surge in tomato prices in Kumasi has sent shockwaves through local markets, with prices skyrocketing from 600 cedis to a staggering 2,100 cedis per box.

Importers are quick to attribute this sharp increase to a combination of factors, including the high exchange rate of the CFA Franc and the disruptive activities of militant groups known as Boko Haram.

According to importers, the fluctuating exchange rate of the CFA Franc has significantly impacted the cost of importing tomatoes, leading to higher prices for consumers.

Additionally, attacks on farmers and importers by militant groups have further exacerbated the situation, causing disruptions in supply chains and driving up prices.

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Traders in tomato markets across the metropolis have been feeling the pinch, with many reporting a significant decrease in sales due to the unaffordable prices.

Hajia Mansura, the Assistance Queen Mother of tomato sellers in the Ashanti Region, expressed concern over the adverse effects of the price hikes on businesses in the tomato value chain.

Hajia Mansura highlighted the dire consequences of the attacks on farmers and transporters in neighboring Burkina Faso by the militant group “Boko Haram”.

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She recounted harrowing tales of farmers and drivers being killed or forced to flee, leading to a loss of income and a disruption in supply.

The impact of these events is evident in the visibly empty tomato markets, which stand in stark contrast to previous bustling periods.

Traders fear that if the situation persists, it could lead to shortages and further exacerbate the price increases.

In light of these challenges, Hajia Mansura called on the government to take decisive action to support tomato farmers and traders.

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She emphasized the importance of initiatives such as the ‘One-Village One-Dam’ program and urged the government to invest heavily in tomato farming to ensure food security and stabilize prices.

As consumers brace themselves for the continued uncertainty in the tomato market, the urgent need for concerted efforts to address the underlying issues and mitigate the impact of external factors has never been more apparent.

 

 

Nana Yaw Owusu/Ashanti Region.

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