The Chamber of Agribusiness Ghana has called for structured price adjustments across the agricultural value chain in response to favourable macroeconomic conditions. In a press statement issued by the Chamber, the release states;
The Chamber of Agribusiness Ghana (CAG) acknowledges with appreciation the recent decision by the National Association of Seed Traders and Agro-input Dealers (NASTAG) to reduce seed prices for farmers a timely and economically rational response to prevailing macroeconomic developments.
Over the past several months, Ghana has witnessed a confluence of favorable economic indicators: a sustained decline in global petroleum prices, coupled with a notable appreciation and enhanced stability of the Ghana Cedi against major reserve currencies. These developments have significantly reduced input and operational costs across multiple sectors of the economy.
From a technical economic standpoint, the transmission mechanism from these macro-level improvements to end-user pricing is both direct and quantifiable:
- Fuel cost reductions lower transportation, mechanization, and logistics expenses throughout the agricultural value chain from farmgate to market.
- Cedi appreciation diminishes the landed cost of imported agro-inputs, including fertilizers, machinery, spare parts, and processing equipment by as much as 15–20% in real terms, based on current exchange rate trends.
- Empirical evidence from input-output models confirms that cost pass-through elasticity in agrifood systems is high; thus, savings at the import or wholesale level should translate proportionally into retail and consumer prices.
- Strategic price adjustments enhance real household income, stimulate aggregate demand for food, and directly advance national objectives on nutrition, poverty reduction, and inflation containment.
In this context, and in full alignment with His Excellency the President’s strategic vision of ensuring that “food is affordable, accessible, and abundant for every Ghanaian,” the Chamber of Agribusiness Ghana hereby issues a formal appeal to all sector stakeholders including:
- Fertilizer importers and distributors
- Agro-machinery and equipment dealers
- Commodity aggregators and processors
- Input retailers and logistics service providers
to implement immediate, transparent, and proportionate price reductions reflective of current cost structures.
We call for a nationwide recalibration of pricing across the entire agricultural ecosystem covering seeds, fertilizers, machinery rentals, processed staples, and fresh produce to ensure that macroeconomic gains are equitably distributed and do not remain confined to upstream actors.
The Chamber further proposes the establishment of a Sectoral Price Monitoring Desk, in collaboration with the Ministry of Food and Agriculture and the Ghana Statistical Service, to track compliance, measure welfare impacts, and provide data-driven policy feedback.
This moment presents a critical opportunity to demonstrate corporate responsibility, sectoral solidarity, and unwavering commitment to national development priorities. Let us collectively turn macroeconomic stability into tangible household benefits.
