Minister of Information Kojo Oppong Nkrumah has announced that President Nana Addo Dankwa Akufo-Addo has instructed the Ministry of Food and Agriculture to implement measures aimed at keeping food prices affordable.

He also highlighted that efforts would be made to reduce the transportation costs associated with delivering food to various markets, with the goal of curbing the rising food prices that consumers are currently grappling with.

During an interview with the Daily Graphic, Oppong Nkrumah stated that these actions were intended to lower the inflation rate, thus contributing to a more robust local economy.

In September 2023, Ghana's inflation rate decreased from 40.1% in August to 38.1%, indicating a decline in the general price level compared to the previous month, which had increased the cost of living for Ghanaians.

Data from the Ghana Statistical Service reveals that both food and non-food inflation rates decreased in September.

Food inflation dropped from 51.9% in August 2023 to 49.4%, while non-food inflation decreased from 30.9% in August 2023 to 29.3%. Locally produced items had an estimated inflation rate of 37.3%, while imported products stood at 39.9% while that of imported products was 39.9%.