In its latest update, the Ghana Statistical Service (GSS) reported a slight but consistent decline in national inflation, with April 2025 figures dropping to 21.2% from 22.4% in March. This marks the fifth month in a row that inflation has eased. While this is a positive sign, GSS is urging everyone—from households and businesses to policymakers—not to take this trend for granted, as inflationary risks still loom, particularly in key sectors like food and transport.
Government Statistician Dr. Alhassan Iddrisu emphasized the need for cautious optimism. He pointed out that even though overall inflation is falling, the prices of certain essentials remain unstable. He advised households to keep a close eye on their budgets and adapt to fluctuations, especially in items like food and transport, which tend to drive living costs higher.
For businesses, especially those relying heavily on imports or transport—such as restaurants and hotels—Dr. Iddrisu encouraged them to take advantage of the slowing inflation to stabilize their operations. At the same time, he called on the government to stay committed to macroeconomic reforms and social safety nets like the School Feeding Programme and LEAP, which are vital for protecting vulnerable communities.
Another key point was the need for tighter oversight of local food markets. Dr. Iddrisu singled out items like ginger, beans, and vegetable oil for their persistent price hikes. He also stressed the urgency of fast-tracking agricultural reforms under the Agriculture for Transformation Programme to bring food inflation under control and ensure long-term price stability.
Lastly, he highlighted the role of education in the fight against inflation. The GSS is advocating for more public awareness around inflation trends so that people can make better financial choices. According to Dr. Iddrisu, informed decision-making at the household level is just as crucial as national policy when it comes to sustaining this disinflation path.
Source: Citi newsroom