{"id":202091,"date":"2024-07-22T14:51:38","date_gmt":"2024-07-22T14:51:38","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/22\/cost-of-living-crisis-in-ghana-can-also-be-attributed-to-traders-taste-for-super-profits-kpebu\/"},"modified":"2024-07-22T14:51:38","modified_gmt":"2024-07-22T14:51:38","slug":"cost-of-living-crisis-in-ghana-can-also-be-attributed-to-traders-taste-for-super-profits-kpebu","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/22\/cost-of-living-crisis-in-ghana-can-also-be-attributed-to-traders-taste-for-super-profits-kpebu\/","title":{"rendered":"Cost of living crisis in Ghana can also be attributed to traders\u2019 taste for super profits \u2013 Kpebu \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Private legal practitioner Martin Kpebu has attributed the increasing cost of living in Ghana partly to the taste of traders for super profits.<\/strong><\/p>\n<p>Kpebu says the profits that traders make are beyond reasoning.<\/p>\n<p>Speaking on the Key Points on TV3 on Saturday, July 20, he said \u201cWe should be looking at Ghana Standard Authority coming out with laws, of course, it is not a one-day thing, gradually we will educate the market women and men.<\/p>\n<p>\u201cThe plain truth is that a lot of this cost of living crisis can also be attributed to the sellers or the traders. With tomatoes, today when I bought the full box for 1000 Cedis and divided I got one for GHS1.80 pesewas. We are overstretching it, that is where the problem is, that is why I said let us go through gradually and see the price build-up.<\/p>\n<p>\u201cHow can one tomatoe fruit at Railways near CMB cost GHS1.80 pesewas then when I come to Tema Station, less than three Kilometers, and the same fruit is costing 4 Cedis? How? What kind of transport is that?<\/p>\n<p>\u201cSo the market queens, this then brings up the issue of the Kalabule days, I am not encouraging what Rawlings did with the Makola women but let us look back in our history and ask the psychologist, perhaps there is a research, there is something about the psyche of the Ghanaian trader and supernormal profits. You buy something for One Cedi and they triple it or quadruple, it\u2026The profits they make in trading are beyond reasoning.\u201d<\/p>\n<p>For his part, the General Secretary of the General Agriculture Workers Union (GAWU) Edward Kareweh attributed the cost of food items to factors including the decline in lands available for food production.<\/p>\n<p>He revealed that most of the farmlands have been encroached upon by illegal small-scale miners (Galamsey), thereby rendering the farmers incapable of expanding their production.<\/p>\n<p>Explaining the factors causing increasing food prices in Ghana on the Key Points on TV3 Saturday, July 20, Mr Kareweh also identified the government\u2019s commitment to agriculture as a factor.<\/p>\n<p>He said \u201cWhether or not the government is increasing an investment level good for agric, is an issue., If the government\u2019s investment is reduced it is possible that the total output will reduce because farmers can\u2019t produce.<\/p>\n<p>\u201cSecond, galamsey which is major issue, all agricultural lands including cocoa, oil palm rubber are all encroached. If oil palms can be encroached how much maize farms,\u201d he said.<\/p>\n<p>He added \u201cThe existing farms are encroached. The lands available to be used for production have been encroached on, and the overall landscape available for farms is reducing. Lands available for food production are declining.\u201d<\/p>\n<p>Mr Kareweh also mentioned the impact of climate change as a factor causing high food prices.<\/p>\n<p>\u201cClimate change is also here with us, the rains don\u2019t come at the time we expect and when they come we can\u2019t even control it,\u201d he said.<\/p>\n<p>He commended the government\u2019s idea of creating the One Village One Dam but noted that no dam has been constructed under the policy although money has been spent.<\/p>\n<p>\u201cWe can\u2019t boast of any single dam built, One Village, One Dam policy is good but the projects do not exist even though money has been spent.<\/p>\n<p>\u201cIf it is a dam for irrigation, it must be able to contain a lot of water to use when you need it. We do not have a dam. All the government did was to rehabilitate some existing dams but we have not added significantly to irrigation agric.\u201d<\/p>\n<p>citinewsroom.com<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Private legal practitioner Martin Kpebu has attributed the increasing cost of living in Ghana partly to the taste of traders for super profits. Kpebu says the profits that traders make are beyond reasoning. Speaking on the Key Points on TV3 on Saturday, July 20, he said \u201cWe should be looking at Ghana Standard Authority coming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":202092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-202091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cost of living crisis in Ghana can also be attributed to traders\u2019 taste for super profits \u2013 Kpebu \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/07\/22\/cost-of-living-crisis-in-ghana-can-also-be-attributed-to-traders-taste-for-super-profits-kpebu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cost of living crisis in Ghana can also be attributed to traders\u2019 taste for super profits \u2013 Kpebu \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Private legal practitioner Martin Kpebu has attributed the increasing cost of living in Ghana partly to the taste of traders for super profits. 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