There is something about the psyche of the Ghanaian trader and supernormal profits, Private legal practitioner Martin Kpebu has said after attributing the increasing cost of living in Ghana partly to the taste of traders for super profits.
Kpebu questioned the decision of traders in determining the prices of their items after observing that the profits they make are beyond reasoning.
Speaking on the Key Points on TV3 on Saturday, July 20, he said “We 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.
“The 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.
“How 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?
“So 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…The profits they make in trading are beyond reasoning.”
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.
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.
Explaining the factors causing increasing food prices in Ghana on the Key Points on TV3 Saturday, July 20, Mr Kareweh also identified the government’s commitment to agriculture as a factor.
He said “Whether or not the government is increasing an investment level good for agric, is an issue., If the government’s investment is reduced it is possible that the total output will reduce because farmers can’t produce.
“Second, 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,” he said.
He added “The 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.”
Mr Kareweh also mentioned the impact of climate change as a factor causing high food prices.
“Climate change is also here with us, the rains don’t come at the time we expect and when they come we can’t even control it,” he said.
He commended the government’s idea of creating the One Village One Dam but noted that no dam has been constructed under the policy although money has been spent.
“We can’t 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.
“If 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.”
The post There is something about the psyche of the Ghanaian trader and supernormal profits – Kpebu first appeared on 3News.
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