The Chamber of Agribusiness Ghana (CAG), has appealed to agriculture sector stakeholders to consider a transparent and proportionate price reductions, reflective of current cost structures and economic gains.
The Chamber emphasized the need 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.
CAG’s CEO, Anthony Kofituo Morrison, explained that the past several months have witnessed a confluence of favorable economic indicators: a sustained decline in global petroleum prices, coupled with notable appreciation and enhanced stability of the Cedi against major reserve currencies.
These developments, Morrison said, have significantly reduced input and operational costs across multiple sectors of the economy.
“We therefore call on fertilizer importers and distributors, agro-machinery and equipment dealers, commodity aggregators and processors and input retailers and logistics service providers, to implement immediate, transparent, and proportionate price reductions reflective of the current economic situation”, the Chamber implored.
The 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.
The decision by NASTAG, CAG explains, is a timely and economically rational response to prevailing macroeconomic developments.
The Chamber argues that current fuel cost reductions have lowered transportation, mechanization, and logistics expenses throughout the agricultural value chain from farm gate to markets
According to CAG, appreciation of the cedi, diminishes the landed cost of imported agro-inputs, including fertilizers, machinery, spare parts, and processing equipment by as much as 15–20 percent in real terms, based on current exchange rate trends.
It explained that strategic price adjustments enhance real household income, stimulate aggregate demand for food, and directly advance national objectives on nutrition, poverty reduction, and inflation containment.
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”, it added.
