Ghana’s inflation rate saw a marginal drop to 23.5% in January 2025, down from 23.8% in December 2024, according to data from the Ghana Statistical Service (GSS).
Government Statistician Professor Samuel Kobina Annim revealed the figures on Monday, attributing the decline to a drop in non-food inflation, which fell to 19.2% from 20.3%.
However, the relief was short-lived, as food inflation surged to 28.3%, driven by sharp increases in the prices of vegetables, tubers, and plantains.
“In just six months, food inflation has jumped from 19.1% to 28.3%. This is a serious concern,” Professor Annim warned.
Despite the minor slowdown, Ghanaians continue to grapple with high living costs, as yam prices skyrocketed by 72.9% year-on-year, while fresh tomatoes saw a 43.3% increase.
Inflation for locally produced goods also dropped slightly to 25.7%, but imported inflation edged up to 18.4%, reflecting exchange rate fluctuations and global trade pressures.
The Western Region recorded the highest inflation at 49.9%, while the Volta Region had the lowest at 18.0%.
