The Peasant Farmers Association of Ghana (PFAG) has confirmed statements by the Minister for Food and Agriculture, Mr. Eric Opoku, that food prices have dropped significantly compared to previous years.

In an interview with TV3 earlier this week, the Minister dismissed claims that food prices in Ghana remain excessively high. He cited data from the Ghana Statistical Service (GSS) to support his position.

According to the GSS:

• In January 2023, food inflation was 61%.

• By September 2024, it had fallen to 22.1%.

• In January 2025, it stood at 23.8%.

• As of September 2025, food inflation had further dropped to 14.8%.

Mr. Opoku added that reports of over 100,000 tons of rice and maize currently unsold in the country reflect a surplus, which has contributed to lower farmgate prices.

Many farmers have complained about reduced earnings as a result of the glut.

Confirming the Minister’s assertion, the Acting Executive Director of the Peasant Farmers Association, Mr. Bismarck Owusu Nortey, said during a live interview on Original TV that the situation indeed mirrors the realities on the ground.

“Our members are experiencing low prices for food commodities because of excess supply. While this is good news for consumers, it is affecting farmers’ incomes,” Mr Nortey explained.

The PFAG, however, urged the government to expand buffer stock interventions and improve access to storage facilities in order to stabilise prices and protect farmers from losses.