Inflation eases further, drops to 21.2% in April 2025

By Juliet ETEFE ([email protected])

The inflation rate continues on a downward trajectory, with the Consumer Price Index (CPI) report for April 2025 revealing year-on-year (y-on-y) inflation of 21.2 percent.

This marks a decline of 1.2 percentage points from the 22.4 percent recorded in March 2025, making it the fifth consecutive month of easing inflation according to the Ghana Statistical Service (GSS).

The CPI, which measures changes in the average price of a fixed basket of goods and services purchased by households, shows that month-on-month (m-o-m) inflation stood at 0.8 percent for April – up from 0.2 percent in March.

This  signals renewed price pressures in certain segments; however while the general trend suggests easing inflation, the uptick on a monthly basis calls for cautious optimism and sustained monitoring.

Presenting the data at a press briefing, Government Statistician Dr. Alhassan Iddrisu noted that food inflation and non-food inflation both contributed to the current figures.

Notably, food inflation in April was 25.0 percent (y-on-y) – slightly down from 26.5 percent in March while non-food inflation dropped marginally to 17.9 percent from 18.7 percent.

Regional

Regionally, Upper West Region recorded the highest inflation rate at 37.1 percent while Volta Region registered the lowest at 18.3 percent .

This disparity underscores the varying inflationary pressures across the country’s regions, often driven by localised food and transport dynamics.

Imported and local items

Imported items saw year-on-year inflation of 18.7 percent  in March, compared to 24.0  percent for locally produced goods

These figures highlight ongoing pressures in the domestic production sector, particularly agriculture – which continues to influence food price trends.

Recommendation

Recommendations from the GSS emphasise prudent household spending, strategic business pricing and robust government action.

The service urges government to sustain macroeconomic stability efforts and expedite programmes such as the Agriculture for Transformation initiative to mitigate food inflation.

Enhanced public education on inflation dynamics is also recommended to help households make informed economic decisions.

While the downward trend in annual inflation offers some relief, the GSS stresses a need for vigilance – particularly given the monthly rise.

This encourages continued collaboration between government, the private sector and consumers to consolidate gains and promote economic stability.

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