- Government aims for single-digit inflation by early 2026
- Upper West highest at 32.3%, Bono lowest at 8.4%
- Fell from 18.4% in May to 13.7% in June 2025
Ghana’s annual inflation rate fell sharply to 13.7% in June 2025, marking the sixth straight month of decline and the lowest level since December 2021.
According to data released by the Ghana Statistical Service (GSS) on July 2, the drop from 18.4% in May was largely driven by falling food prices and a general slowdown in price increases across major consumer categories.
Government Statistician Dr. Alhassan Iddrisu attributed the trend to a significant easing of inflationary pressures that have weighed on the economy in recent months.
“For the first time in a long while, we are seeing a month-on-month deflation of 1.2% from May to June, indicating a real and sustained change in price movements,” he said during a press conference in Accra.
Food inflation declined to 16.3% from 22.8%, while non-food inflation also eased to 11.4% from 14.4%.
However, notable regional disparities remain. The Upper West Region recorded the highest inflation rate at 32.3%, driven by surging food and utility costs. Meanwhile, the Bono Region posted the lowest inflation rate at 8.4%.
Dr. Iddrisu emphasized the importance of leveraging more localized data to guide targeted policy responses that address regional inflation disparities and sustain the disinflation momentum.
The steady decline in inflation offers optimism for policymakers and businesses, as the government aims for single-digit inflation by early 2026.
