Livestock dealers have very low sales amid Eid-ul-Adha
Even though the cedi has gone up against the dollar, prices for rams and cattle have stayed high in major markets in Accra in the days leading up to Eid-ul-Adha. This has led to stagnant markets and low sales because a lot of people can't afford the animals, which they say is because of money problems.
Even though the cedi has gone up against the dollar, prices for rams and cattle have stayed high in major markets in Accra in the days leading up to Eid-ul-Adha. This has led to stagnant markets and low sales because a lot of people can't afford the animals, which they say is because of money problems.
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As a way to help, some livestock dealers are asking the government to think about giving temporary subsidies or waiving some transit fees along livestock routes from our neighboring countries to Ghana. The Ghanaian Times did a market survey on Tuesday at the Kwame Nkrumah Interchange and found that an average-sized ram now sells for between GH¢2,000 and GH¢2,500.
Larger, well-groomed breeds sell for between GH¢5,000 and GH¢8,000, depending on their weight, health, and color. Livestock dealers said that the big rise was caused by a number of things, such as the high cost of transportation and veterinary services.
Mr. Ahmed Kadri, who sells livestock at the Kwame Nkrumah Interchange, said that the prices of goats, rams, and cows had gone up because the cedi had lost value against the CFA. He said that most of these animals came from nearby Burkina Faso, Niger, and Mali, and that it took a lot of resources to get them to Accra.
Alhassan Fuseini, another livestock dealer, said he was worried about the low demand for livestock because he had only sold four cows since last week.
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He said, "The market has been very slow because there is no money in the system. People come to ask for prices and then leave without buying."
A trotro driver named Adam Salifu told the paper that he couldn't buy animals for the celebration because of the current state of the economy.
He said, "I can't make my family smile this year, so we'll just have to deal with it."
The Festival of Sacrifice, or Eid-ul-Adha, will be celebrated tomorrow, June 6, if the moon is seen.
People pray, get together with family, and kill animals, especially rams, as part of the festival to honor Prophet Ibrahim's obedience to Allah.