BUSINESS NEWS

Price of bread to go up by GH1.00

Price of locally manufactured bread will from next week Monday shoot up by one Ghana cedis (GH 1.00), 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, fire wood, 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 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.

 

Source: ghanaweb.mobi /Enock Akonnor

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. 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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