Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a continued downward trend in the country’s inflation, which had been a concern for much of the previous year. According to the latest data, the decrease was driven by a reduction in food inflation, which fell to 26.5% from 28.1% in February. This decline reflects improved supply conditions and more stable prices for key food items.
The non-food inflation also saw a slight decrease, moving from 18.8% in February to 18.7% in March. This indicates a broad-based moderation in the overall price increase, suggesting that inflationary pressures are starting to ease in various sectors of the economy.
However, the inflation trend was not consistent across all sectors. Locally produced goods saw a decrease in inflation, dropping from 25.1% in February to 24.0% in March. On the other hand, imported goods experienced a slight increase in inflation, rising from 18.5% in February to 18.7%. This increase highlights ongoing concerns about the impact of exchange rate fluctuations and global commodity price changes on Ghana’s import-dependent economy.
Regionally, inflation disparities persisted, with the Upper West Region recording the highest inflation rate of 36.2%, indicating localized economic challenges. In contrast, the Volta Region had the lowest inflation rate at 18.9%, suggesting a more stable price environment in that area.
Source: citi newsroom