Ghana’s inflation rate edged down to 23.1% in February 2025, from 23.5% in January, driven by a 1.8% reduction in food inflation, which is now at 28.1%. The Upper West and Savannah Regions reported the highest food inflation rates. Some food items experienced notable price increases despite the overall decline.
In February 2025, Ghana experienced a slight decline in its inflation rate, which fell to 23.1%, down from 23.5% recorded in January. This decrease is largely attributed to a 1.8% reduction in food inflation. The inflation statistics indicate a positive trend, despite the overall rate remaining high compared to the previous ten months.
Food inflation is currently recorded at 28.1%, down from 28.3% in January, while non-food inflation saw a minor decrease from 19.2% to 18.8%. The Upper West Region faced the most significant food inflation at 49.8%, with the Savannah Region following closely at 48.6%.
Professor Samuel Kobina Annim, the Government Statistician, noted that food inflation has declined consistently over the past four months, decreasing by 2.0 percentage points since November 2024. Despite this downtrend, February’s inflation rate remains the third highest observed in the last ten months.
Certain food categories experienced considerable price increases, including ready-made foods and other products at 45.5%, cereals and cereal products at 38.6%, and fish and seafood at 26.5%. Additionally, vegetables, tubers, cooking bananas, and pulses recorded inflation at 28.1%. In summary, while food inflation shows signs of decline, crucial categories continue to see notable price hikes, affecting the overall economic landscape in Ghana.
Ghana’s inflation rate has decreased to 23.1% in February 2025, reflecting a slight improvement from the previous month. The decline in food inflation to 28.1% and a marginal reduction in non-food inflation highlights ongoing challenges in the economy. Key food categories are still experiencing significant price increases, leading to a complex inflationary situation that warrants continued monitoring and assessment.
Original Source: www.ghanaweb.com
