GHANA’s ANNUAL inflation rate declined to 21.2% in April 2025, the lowest level in eight months, according to the Ghana Statistical Service (GSS). This marks the fifth consecutive month of disinflation, down from 22.4% in March.
The moderation in inflation is attributed to the strengthening of the Ghanaian cedi, which has helped reduce import-related price pressures. Both food and non-food inflation rates contributed to the overall decline.
Food inflation decreased to 25.0% in April from 26.5% in March, while non-food inflation fell to 17.9% from 18.7% over the same period. Month-on-month consumer prices saw a 0.8% decline.
Despite the downward trend, inflation remains above the Bank of Ghana’s target range of 6% to 10%. Central Bank Governor Johnson Asiama emphasized the need for continued tight monetary policy to bring inflation closer to target levels.
Finance Minister Dr. Cassiel Ato Baah Forson expressed optimism that planned spending cuts announced in March would help reduce inflation to 11.9% by the end of the year.
The GSS report indicates that while the overall inflation rate is declining, certain food items continue to experience significant price increases. For instance, ginger prices have surged by 114.4% year-on-year, making it the most inflated food item in the country.
Regional disparities in inflation persist, with the Upper West Region recording the highest rate at 35.5%, while the Volta Region posted the lowest at 18.1%.
As Ghana continues to grapple with high inflation levels amid economic challenges, the government and central bank are implementing measures to stabilize the economy and alleviate financial burdens on citizens.
Source: Nationaltymes.com
