Ghana’s inflation rate eased to 23.5% in January 2025 after four consecutive months of rising inflation.
This development follows the government’s failure to meet its 2024 year-end inflation target of 15%, as inflation climbed to 23.8% in December 2024, up from 23.0% in November.
Despite the overall slowdown, food inflation remains a key driver, rising to 28.3% in January 2025 from 27.8% in December.
Meanwhile, non-food inflation continued its downward trend, dropping to 19.2% in January from 20.3% in the previous month.
Providing further insights into the latest figures, Government Statistician Professor Samuel Kobina Annim explained:
“In January 2025, general price levels of goods and services went up by 23.5%. Between January 2024 and January 2025 general price of goods and services went up by 23.5%.
This indicates a disinflation as the rate of inflation has slowed down by 0.3% percentage points slowing down from the year-end 2024 figure of 23.8% to 23.5% for the month of January 2025,” he said.
Source: Citinewsroom