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in Agribusiness

Agribusiness Chamber Demands Immediate Food Price Reductions

Silas Kafui Assemby Silas Kafui Assem
February 2, 2026
Reading Time: 4 mins read
Anthony Morrison, Chamber of Agribusiness Ghana CEO

Anthony Morrison, Chamber of Agribusiness Ghana CEO

The Chamber of Agribusiness Ghana (CAG) has issued a formal call to all actors within the agricultural value chain to implement immediate and structured price reductions for food and farm inputs.

The Chamber argued that the current macroeconomic stability must now translate into tangible relief for Ghanaian households. It emphasized that while upstream costs have fallen, the “pass-through,” effect to the final consumer has been unacceptably slow, threatening national food security and nutrition.

“From a technical economic standpoint, the transmission mechanism from these macro-level improvements to end-user pricing is both direct and quantifiable. We are calling for a nationwide recalibration of pricing across seeds, fertilisers, machinery rentals, processed staples and fresh produce, to ensure that macroeconomic gains are equitably shared and not confined to upstream actors”

Chamber of Agribusiness Ghana

The Chamber’s demand is rooted in the significant appreciation of the local currency, which has reduced the landed cost of imported agro-inputs, such as fertilizers and machinery, by an estimated 15 to 20 per cent.

CAG
CAG

Coupled with lower fuel costs that have eased transportation and logistics expenses from farm-gates to urban centers, the CAG maintained that there is no longer a technical or economic justification for maintaining high retail prices.

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Despite headline inflation falling to single digits in early 2026, the cost of living for the average Ghanaian remains elevated. The CAG noted with concern that many traders and distributors continue to reference “old stock,” or high production overheads as an excuse to keep prices high.

The Chamber warned that this disconnect erodes the purchasing power of low-income households, forcing a shift toward nutrient-poor staples and increasing the risk of malnutrition and diet-related diseases.

Bridging the Disconnect

To address this, the CAG commended the National Association of Seed Traders and Agro-input Dealers (NASTAG) for its recent decision to slash seed prices. The Chamber urged other associations, including fertilizer importers and commodity processors, to follow suit.

By reducing margins now, the CAG argued that businesses will actually stimulate demand, ultimately benefiting from higher volumes as consumer spending recovers.

NASTAG
NASTAG

“Soaring food prices severely erode consumer purchasing power, pushing nutritious diets out of reach for millions and directly threatening our national goals of food security. While acknowledging the cost pressures on businesses, inaction is not an option. Collective responsibility is paramount to ensure the survival of the economy”

Chamber of Agribusiness Ghana

As a proactive measure, the Chamber proposed the establishment of a Sectoral Price Monitoring Desk.

This body, envisioned as a collaborative effort between the Ministry of Food and Agriculture (MoFA) and the Ghana Statistical Service (GSS), would track compliance with fair pricing standards and provide data-driven feedback for policy decisions.

The CAG believes that transparency in the pricing of essential commodities will prevent middle-men from “cheating” both farmers and consumers.

The CEO of the Chamber, Mr. Anthony Morrison, underscored that the agribusiness sector must lead by example in the government’s broader “Resetting for Growth,” agenda. He stated that for the 24-Hour Economy to succeed, the cost of raw materials and finished food products must be competitive enough to drive both domestic consumption and export potential.

Anthony Morrison
Mr. Anthony Morrison, CEO of CAG

The CAG’s appeal aligns with the government’s recent efforts to stabilize the economy through fiscal discipline and improved external buffers. The Chamber remains optimistic that with a stable exchange rate and lower energy costs, the agricultural sector can act as a primary driver of disinflation.

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However, they stressed that the private sector must act decisively to reflect these gains at the pump and in the market stalls.

READ ALSO: Global Tailwinds Supercharge Ghana’s Economic Reset

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Tags: CAGChamber of Agribusiness GhanaFood Price ReductionsGhana Statistical ServiceGSSMinistry of Food and AgricultureNASTAGNational Association of Seed Traders and Agro-input DealersNational Food Security
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