Ghana’s inflation rate has dropped markedly to 13.7% in June 2025, marking the sixth straight month of decline and the lowest rate recorded since December 2021.
According to data released by the Ghana Statistical Service (GSS) on July 2, the year-on-year figure represents a significant fall from the 18.4% recorded in May. The decline was largely driven by a drop in food prices and a general slowdown in price increases across major consumer categories.
Government Statistician Dr. Alhassan Iddrisu attributed the improvement to a notable easing in inflationary pressures. Speaking at a press briefing in Accra, he highlighted a month-on-month deflation of 1.2% between May and June—an indication of what he described as a “real and sustained shift in price levels.”
Also Read: Ablekuma North: EC to Rerun Parliamentary Election in 19 polling stations on Friday, July 11, 2025
Food inflation saw a sharp drop, falling to 16.3% in June from 22.8% in May—a decline of 6.5 percentage points. Non-food inflation also eased, dropping from 14.4% to 11.4%.
Despite the national progress, regional disparities in inflation remain pronounced. The Upper West Region recorded the highest inflation rate at 32.3%, driven largely by rising food and utility costs. Meanwhile, the Bono Region reported the lowest rate at 8.4%.
Dr. Iddrisu emphasized the need for more localized and detailed data to guide targeted policy responses, particularly in addressing the sharp regional differences. He expressed optimism that the downward trend will continue, with government aiming for single-digit inflation by early 2026—a target that now appears increasingly within reach.
Story By: Afia Ohenewaa Akyerem