Market

Bread Price to increase as bakers threaten to halt production

Prices of bread are expected to increase on the market as bakers complain of hikes in cost of raw materials.

Big brands in the baking industry have concluded to halt production for three days ahead of the increase in the price of loaf of bread.

The bakers say the price of flour and sugar has increased astronomically, hence the intended increment in bread.

A member of the Bakers Association, Theresa Boakye Boadu, says the industry cannot survive without the price adjustments.

Chief Executive Officer of Uncle Ben’s Bakery, Willis Wehere, says current production is such that the least of a challenge in production keeps one out of business.

They are laying down their tools for three days ahead of the new price of bread on Monday.

Industry players such as BB, YP, Mama Esther and Formula 1 have all joined in the crusade.

William Okai, a wholesaler and retailer of flour and sugar, confirmed recent increases in both products.

Some bread retailers want the government to reduce taxation on the raw material to keep them in business.

Others called on the producers of bread to improve the quality of products as they push for the increment.

 

Source: OTEC

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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