Ghana’s headline inflation rate decreased to 12.1% in July 2025, marking the seventh straight month of decline and hitting the lowest point since October 2021. This marks a significant easing from June’s rate of 13.7%, signaling progress in the country’s fight against rising prices.
The Ghana Statistical Service (GSS) attributes the slowdown primarily to falling prices in both food and non-food categories. Food inflation dropped by 1.2 percentage points to 15.1%, while non-food inflation fell even more sharply by 1.9 percentage points to 9.5%, contributing to the overall downward trend.
Regional variations remain notable, with the Upper West Region still experiencing the highest inflation at 24.8%, although this is a substantial decrease from 32.3% in June. This regional rate remains more than double the national average. Meanwhile, the Central Region recorded the lowest inflation rate of 7.7%.
Economists and analysts suggest that the continued disinflation trend could pave the way for adjustments in monetary policy, including potential cuts to interest rates. The government and central bank may leverage the easing inflation to support economic growth without compromising price stability.
This latest inflation data provides important insights for policymakers as Ghana navigates economic recovery efforts amid global uncertainties and domestic challenges, signaling cautious optimism for consumers and investors alike.
Source: citi newsroom