{"id":8705,"date":"2024-05-20T09:03:23","date_gmt":"2024-05-20T09:03:23","guid":{"rendered":"https:\/\/sotnews.agency\/?p=8705"},"modified":"2024-05-20T13:56:44","modified_gmt":"2024-05-20T13:56:44","slug":"bakers-bemoan-high-cost-of-flour-other-ingredients","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=8705","title":{"rendered":"Bakers bemoan high cost of flour, other ingredients"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>3 Minute, 5 Second <\/div>\n\n <\/div>

Local bakeries as well as individuals involved in the doughnut business, popularly known as \u2018boflot,\u2019 are grappling with the escalating cost of ingredients.<\/p>\n

This, they lament, has notably impacted the prices of their raw materials.<\/p>\n

In 2017, when Nicholas Nuomonvi, owner of Living Bakery, relocated his business adjacent to the DVLA Achimota office to continue his bread baking business, a 50kg bag of flour was selling for GH\u00a2170.<\/p>\n

But he tells Citi Business News that the price of flour has since more than tripled and is now selling at GH\u00a2660.<\/p>\n

However, that is not the only critical item in the bread baking business that has experienced hikes. Sugar and margarine have also had their fair share of the hikes, while the cost of LPG also impacts his business.<\/p>\n

Nicholas Nuomonvi says the resulting increased cost of operations has led to hikes in bread prices, reducing his customer base. Additionally, he has been forced to lay off workers while also scaling down production.<\/p>\n

\u201cSugar now costs GH\u00a2720, whereas 3 or 4 years ago, it was slightly above GH\u00a2300. The cost of margarine has also surged. Flour is selling at GH\u00a2660; in 2016, it was GH\u00a2170. The increase in the price of these ingredients is taking a toll on my business. It has caused those who buy from me to reduce the quantity they purchase because they are also unable to sell it off. I used to have a car for distribution, but now I have parked it because purchases have declined. I have had to lay off some of my employees,\u201d he told Citi Business News.<\/p>\n

The situation is no different for individuals involved in the business of doughnuts, popularly known as \u2018boflot.\u2019<\/p>\n

Formerly selling at GH\u00a22, sellers have been forced to increase the price of \u2018boflot\u2019 to GH\u00a23. But they say that is not enough.<\/p>\n

They are considering further hikes to maintain operational viability due to the cost of vegetable oil, flour, and other essential ingredients for making the product.<\/p>\n

\u201cThe prices of ingredients for preparing buffloaf are rising. Customers complain about the size of the GH\u023c3 boflot, yet it is sold at GH\u023c5 in some places. The increase is difficult to bear. During the Salah festivities, the price of vegetable oil shot up to GH\u023c500; it used to cost between GH\u023c450 and GH\u023c460. Flour is also selling at GH\u023c650. You will need about GH\u023c12,000 to purchase the flour and oil, but we are unable to break even. You will have to get a loan to fund your next purchase. This is without considering the cost of sugar. We can use the sugar we bought to prepare buffloaf from 2 bags of flour. If the prices of the ingredients continue to rise, we will increase the price of the product. We will reduce the size of the GH\u023c3 buffloaf and make the GH\u023c5 a little bit bigger,\u201d Elizabeth Oparebea, a boflot vendor, hinted.<\/p>\n

For consumers, they are making adjustments to the quantities they purchase.<\/p>\n

\u201cIn the past, you can use GH\u023c5 to buy boflot and porridge. This has affected me. I used to buy buffloaf for all my three children. But when it was increased to GH\u023c3, I only buy for myself. I don\u2019t have enough money to buy more,\u201d Mohammed Anass, a vulcanizer, said.<\/p>\n

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The post Bakers bemoan high cost of flour, other ingredients<\/a> appeared first on Citinewsroom – Comprehensive News in Ghana<\/a>.<\/p>

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Local bakeries as well as individuals involved in the doughnut business, popularly known as \u2018boflot,\u2019 are grappling with the escalating cost of ingredients. This, they lament, has notably impacted the… <\/p>\n","protected":false},"author":1,"featured_media":8741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-8705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/8705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8705"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/8705\/revisions"}],"predecessor-version":[{"id":8742,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/8705\/revisions\/8742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/8741"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}