Ghana’s inflation rate has significantly slowed down to 13.7% in June 2025, marking the sixth consecutive monthly decline and the lowest level since December 2021. This sharp drop is attributed to a notable decrease in food prices and a general slowdown in price increases across key consumer categories.
According to the Ghana Statistical Service (GSS), food inflation fell by 6.5 percentage points to 16.3% in June, down from 22.8% in May, while non-food inflation eased to 11.4% from 14.4%. The overall price level from May to June recorded a deflation of 1.2%, indicating a real and sustained shift in prices.
Government Statistician Dr. Alhassan Iddrisu attributed the decline to a significant reduction in inflationary pressures that had weighed heavily on the economy in recent months. He noted that the disinflation process provides “some breathing room for households, a more predictable environment for businesses, and for policymakers, a powerful signal that recent fiscal and monetary efforts may be taking hold.”
Regionally, inflation disparities remain stark, with the Upper West Region recording the highest inflation rate at 32.3%, driven primarily by rising food and utility costs. In contrast, the Bono Region posted the lowest rate at 8.4%. Dr. Iddrisu emphasized the need for policymakers to utilize more localized and granular data to effectively address these regional imbalances and sustain the national disinflationary trend.
The recent sharp drop in inflation may signal easing price pressures after months of persistent increases driven by rising food costs, currency depreciation, and global supply chain disruptions. It may also reflect the positive impact of recent fiscal and monetary interventions aimed at stabilizing the economy.
Key Statistics:
– Food Inflation: 16.3% in June, down from 22.8% in May
– Non-Food Inflation: 11.4% in June, down from 14.4% in May
– Regional Inflation Rates:
– Upper West Region: 32.3%
– Bono Region: 8.4%
– Month-on-Month Deflation: 1.2% from May to June
The government is likely to find renewed confidence in its target of achieving single-digit inflation by early 2026. However, the GSS has urged a cautious approach, advising households to continue bulk purchasing of foodstuffs, explore energy-saving strategies, and support local production where possible.