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Market Price of Plantain in Ghana

Price of Plantain

Plantain is a popular food crop in Ghana, and its price is essential for both consumers and producers. Over the years, the cost of plantains has varied in Ghana, with an average import price of $1,915 per tonne in 2021. The prices of plantain in 2023 are of no difference; the prices keep fluctuating.

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 In this article, we will explore the current state of the plantain market in Ghana, including its prices, the factors that influence its prices and where to get the best price for plantains in Ghana.

Market Price of Plantain in Ghana

The plantain market in Ghana is an important aspect of the country’s economy and food culture. Plantains are very popular among rural farmers in Ghana;  thus, there is a strong demand for plantains within the country, as well as potential for growth in the market.

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In 2023, the approximate wholesale price range for Ghana plantains is between US$ 0.24 and US$ 0.25 per kilogram or between US$ 0.11 and US$ 0.11 per pound(lb). This suggests that prices are relatively stable and may continue to remain so in 2024.

Plantain is grown in several regions of Ghana, with the majority of cultivation taking place in the humid forest belt that receives annual rainfall of 1500-3600mm/year.

A study conducted in the Eastern Region of Ghana found that plantain production practices were similar to those in other regions, with slash and burn being the major method of land preparation and intercropping with other crops playing a significant role in production.

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But what are the current retail and wholesale plantain prices in Ghana? and where can you get plantain at a cheaper price in Ghana? Let’s find out.

Current Price of Plantains in Ghana

As of October 2023, the price of plantains in Ghana varies depending on the location and whether it is sold at retail or wholesale.

As of October 2023, the retail price of plantain ranges from GHC 5.00 and above. However, the wholesale price may vary depending on the type and size of plantain you are buying. Buying a bunch of big plantains at wholesale can cost between GHC 35 to GHC 70 whereas the smaller ones may cost between GHC 25 to GHC 50.

Also, some market women sell 4 or 5 fingers of plantain at GHC 5 (wholesale price) or 3 at retail price.

Irrespective of the prices indicated below, the price of plantains may vary depending on the seller, location type or size.

Factors Affecting the Price of Plantains in Ghana

Production levels: The supply of plantains in the market affects the price. When production levels are high, the price of plantains decreases due to an oversupply. Conversely, when production levels are low, the price of plantains increases due to a shortage of supply.

Demand: The demand for plantains can also affect the price. When demand is high, the price of plantains increases due to competition among buyers. Conversely, when demand is low, the price of plantains decreases due to a lack of buyers.

Seasonality: Plantain production in Ghana is seasonal, with a glut between October and December. During this period, the price of plantains may decrease due to the high supply. Conversely, during the off-season, the price of plantains may increase due to the low supply.

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Market competition: The level of competition among plantain sellers can also affect the price. When there are many sellers in the market, the price of plantains may decrease due to competition. Conversely, when there are few sellers in the market, the price of plantains may increase due to a lack of competition.

Location: The location where plantains are sold can affect the price. For example, plantains sold in urban areas may be more expensive than those sold in rural areas due to higher transportation costs and higher demand. Also, plantain sold at big markets, especially on their market days is cheaper than plantain sold at smaller markets without market days.

Where to Buy Cheaper Plantains

If you are looking for places to buy cheaper plantains then look no further the local markets are the best places to get plantains at cheaper prices, especially on market days.

You can go to the Accra Market (CMB, Agbobloshie) for the best prices for plantains. You can equally try the Mallam Attah Market, Tema Market or any other local market.

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In conclusion, the price of plantains in Ghana is influenced by several factors, including production levels, demand, seasonality, transportation costs, market competition, location, seller, and type. While the price of plantains in Ghana has been fluctuating over the years, the market is showing signs of growth and stability. The largest markets where plantains are sold are at Tema and Agbogbloshie, but there are also smaller markets throughout the country where plantains can be purchased. 

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