The Ashanti Flour Users Association is complaining about the high cost of production which, the group says will force them to increase the price of bread again soon.
The groupâ€™s president, Comfort Akotua, who has been in the bakery business for 35 years, said she stopped production some two months ago due to the rising cost involved.
â€œMany bread bakers have stopped operating. For instance, many of those around Anloga Junction are no more in operation. This is because we have been incurring losses. The saddest aspect is that the retailers who engage in street hawking keep complaining that it is expensive. We are always praying for the situation to improve. Although I am quite old, I can still work, but I cannot work because I have been making losses. How do I take care of my needs and other utility bills if I am not working?â€ she complained in an interview with Accra-based Citi FM.
In good company with Comfort Akotua is Mavis Kwegyir Stiles, the Chief Executive Officer of Okyeso Nyame Bakery at Bantama.
She said: â€œThe high cost of flour has affected production. Last year, we used to buy 100 bags of flour for GHÂ¢16,000 but now it costs us GHÂ¢34,000 to get that. The cost of sugar is also up. One bag of sugar sells at GHÂ¢400 whereas it used to sell at GHÂ¢280 last year. Prices of all other ingredients have gone up. We now sell bread for GHÂ¢5 and the retailers sell at GHÂ¢6 Ghana cedis. However, the consumers are complaining that it is expensive and that we should reduce it. We canâ€™t reduce it because the production cost has gone upâ€.
Akotua warned that so long as production cost rises, the price of a loaf of bread will also keep rising: â€œWe have now increased the price of bread. The ones that used to sell at GHÂ¢2, have been increased to GHÂ¢3. By next week, we will increase it again to GHÂ¢4. We will also get some that would be sold at GHÂ¢6. We may further increase the prices. For now, we will always increase it anytime the cost of flour and other ingredients go upâ€.