Ghana’s inflation rate has continued its downward trend for the fourth month running, falling to 21.2 per cent in April 2025 from 22.4 per cent in March, according to the latest data from the Ghana Statistical Service (GSS).
While this sustained decline points to easing price pressures across both food and non-food sectors, food inflation remains stubbornly high at 25 per cent—continuing to strain household budgets and posing a challenge for economic policymakers.
At a press briefing in Accra on May 7, 2025, Government Statistician Dr. Alhassan Iddrisu explained, “Year-on-year inflation slowed to 21.2 per cent in April 2025 and this is largely driven by a moderation in both food and non-food prices, though food inflation remains elevated.”
Despite the year-on-year slowdown, the monthly inflation rate rose slightly to 0.8 per cent in April from 0.2 per cent in March. This signals a potential return of price pressures, especially from food. “On a month-on-month basis, food inflation increased, whilst non-food inflation was maintained,” Dr. Iddrisu noted.
The data also revealed a widening gap between local and imported goods. Year-on-year inflation for domestically produced items stood at 22.7 per cent, outpacing the 17.7 per cent recorded for imported goods. Monthly inflation for local items was also double that of imports, indicating internal supply chain inefficiencies are playing a major role in driving inflation.
The GSS, in its April Consumer Price Index bulletin, offered several policy recommendations aimed at supporting the disinflation process. These included stepping up monitoring of inflation-sensitive food items—like ginger, beans, and vegetable oil—and fast-tracking the implementation of the Agriculture for Transformation Programme.
“The government must sustain macroeconomic stability measures and strengthen social protection schemes to shield vulnerable groups from the impact of inflation,” Dr. Iddrisu urged. Suggested measures include the Livelihood Empowerment Against Poverty (LEAP) programme, the Capitation Grant, National Health Insurance Scheme, and school feeding initiatives.
The GSS also called on businesses to reassess pricing strategies, particularly where input costs have eased—especially in food and hospitality sectors. Meanwhile, households were encouraged to budget wisely and stay informed about price trends in food and transport.
