n Ghanaian Journal of Economics - Political economy of food prices in Ghana
|Article Title||Political economy of food prices in Ghana|
|© Publisher:||The African Finance & Economics Consult|
|Journal||Ghanaian Journal of Economics|
|Affiliations||1 University of London, UK|
|Publication Date||Dec 2013|
|Pages||67 - 86|
This paper analysed the factors that influence food prices and the appropriate policy interventions. Using data on recent developments in local and global food prices, the paper argues that local food price increases are driven by adverse weather conditions, poor storage and transport facilities, and policy failures. Furthermore, the evidence from the data analysed showed that, with the exception of imported rice, global food price spikes do not have direct impact on domestic food prices in Ghana. The research also found that both urban and rural dwellers spend more of their income on basic food crops, thus rising domestic food prices tends to deepen the woes of low income earners. Investment in irrigation, good transport and storage facilities, trade reform among others are suggested as policies to ameliorate the situation.
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