Ghana’s headline inflation rate dropped to 21.2% in April 2025, marking the lowest level in eight months and continuing a downward trend for the fifth consecutive month, according to new data released by the Ghana Statistical Service (GSS).
The decline from 22.4% in March reflects easing price pressures across both food and non-food categories, buoyed in part by a stronger Ghanaian cedi, which has helped curb import-related inflation. However, despite the moderation, food inflation remains high at 25%, highlighting ongoing challenges for households and policymakers.
“Year-on-year inflation slowed to 21.2% in April 2025, largely driven by a moderation in both food and non-food prices, though food inflation remains elevated,” recently appointed Government Statistician Dr. Alhassan Iddrisu stated at the press conference in on Wednesday May 7.
Monthly inflation, however, inched upward—rising to 0.8% in April from 0.2% the previous month—suggesting early signs of renewed price pressures, particularly in food.
The data shows a difference between domestic and imported goods. Locally produced items saw a year-on-year inflation rate of 22.7%, while imported goods had a lower rate of 17.7%. Month-to-month inflation for local products was almost double that of imports, indicating ongoing supply issues within the country.
