Investment in agriculture key component in inflation decline – Govt Statistician

The Government Statistician, Dr Alhassan Iddrisu, has called for urgent investment in agricultural infrastructure to sustain the recent decline in food inflation, which has contributed to pushing the country’s overall inflation rate into single digits for the first time in four years.
His call follows data from the Ghana Statistical Service indicating that inflation fell to 9.4 per cent in September, down from 11.5 per cent in August. The decline was largely driven by easing food prices, with food inflation dropping to 11 per cent from 14.8 per cent the previous month.
Speaking to journalists in Accra, Dr Iddrisu stressed the importance of strengthening irrigation systems, improving food storage facilities, and enhancing transport networks to maintain stable food prices and reduce post-harvest losses.
“To lock in the progress we have seen in food inflation, especially for staples like yam, cassava, rice, and vegetables, we must invest in irrigation to enable year-round farming and reduce dependence on rainfall,” he said.
He also emphasized the need to address long-standing challenges in food storage.
“We need to address cold chain and dry storage systems to reduce post-harvest losses for perishables like tomatoes, onions, peppers, okro, and garden eggs,” Dr Iddrisu added.
He further noted that reliable transport infrastructure is essential to ensuring smooth supply and distribution of food across the country.
“What we need to also do is to ensure that we invest in reliable transport networks,” he stressed.
BY TIMES REPORTER
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