Source: Africa Publicity
In May 2025, Ghana recorded its lowest rate of inflation since February 2022, the Ghana Statistical Service (GSS) has announced.
According to GSS, headline inflation in Ghana declined to 18.4% in May 2025, down from 21.2% in April and 23.1% in May 2024, marking the lowest rate since February 2022, saying “This is the fifth straight year-on-year decline in inflation, a clear signal that price stability is returning to the Ghanaian economy.”
The Ghanaian Government Statistician, Alhassan Iddrisu, who presented the country’s May 2025 Consumer Price Index and Inflation to journalists in the capital, Accra on Wednesday, June 4, says monthly inflation stood at 0.7%, slightly down from 0.8% in April – indicating short term price stability.
He said “core inflation eased to 18.5%, signaling moderation moderation in underlying inflationary pressures.”
Mr. Iddrisu says food inflation fell to 22.8%, non-food inflation declined sharply to 14.4%, adding that “Goods inflation remained higher (20.1%) than services inflation (14.3%); goods contributed 79% to overall inflation.”
Consumer Price Index (CPI) measures changes in the price of a fixed basket of goods and services purchased by households.
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