Ghana’s inflation rate dropped to 21.2% in April 2025, down from 22.4% in March, according to the latest data from the Ghana Statistical Service (GSS). This marks the fifth consecutive month that year-on-year inflation has declined, signaling some progress in efforts to stabilize prices.
Although prices are still higher compared to April 2024, the decrease shows a slight relief for Ghanaians who have faced high living costs in recent times.
Food prices, which remain the biggest contributor to inflation, stood at 25% in April—down from 26.5% in March. Non-food inflation stayed stable at 17.9%. On a month-to-month basis, food prices rose by 0.9%, while non-food prices increased by 0.7%.
The report showed that inflation for locally produced goods was 22.7%, higher than the 17.7% for imported items. This trend was also seen in the monthly data, where local products showed more price pressure.
Regionally, the Upper West Region recorded the highest inflation rate at 37.1%, while the Volta Region had the lowest at 18.3%.
Some sectors showed signs of easing prices. Transportation inflation dropped from 16.8% to 14.9%, and housing and utilities also saw a reduction from 25.1% to 22.2%. However, categories like recreation and culture saw price hikes, rising from 20.7% to 22.8%.
Food and non-alcoholic beverages contributed the most to the April inflation figure, making up more than half (52%) of the overall rate. Together with housing, clothing, and transport, these four sectors accounted for over 78% of the total inflation.
The GSS says the continued decline in inflation is a positive sign, but more attention is needed on food prices and regional differences to ensure broader relief for citizens.
Source: GBC