Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service (GSS). This marks the sixth consecutive monthly decline and the lowest inflation rate recorded since December 2021. The sharp drop from May’s 18.4% was largely driven by easing food prices and a broader slowdown in consumer price growth across major sectors.
Government Statistician Dr. Alhassan Iddrisu attributed the sharp decline to a significant reduction in inflationary pressures, stating that the economy has seen a real shift in pricing dynamics. He highlighted that, for the first time in a while, the country recorded a month-on-month deflation of 1.2% between May and June, indicating potential for more sustainable economic stability moving forward.
The June figures showed food inflation fell substantially by 6.5 percentage points, settling at 16.3%, down from 22.8% the previous month. Non-food inflation also dropped from 14.4% to 11.4%, reinforcing the widespread nature of the slowdown in price increases. These trends are seen as positive indicators for economic planning and consumer confidence.
However, significant regional disparities persist. The Upper West Region reported the highest inflation rate at 32.3%, primarily due to high food and utility costs. In contrast, the Bono Region recorded the lowest rate at just 8.4%. Dr. Iddrisu emphasized the need for localized data-driven strategies to ensure equitable economic management and address regional imbalances.
With inflation consistently easing for half a year, optimism is growing among policymakers and businesses. The government is now aiming to bring inflation into single digits by early 2026, a target seen as increasingly realistic given current trends. Analysts believe continued discipline in fiscal policy and targeted interventions could make that goal achievable.
Source: Citi newsroom