Ghana’s inflation rate dipped to 23.1% in February 2025, down from 23.5% in January, due to a decline in food inflation to 28.1%. Notably, the Upper West Region recorded the highest food inflation at 49.8%. Despite these declines, certain food categories saw substantial price increases, indicating ongoing economic challenges.
In February 2025, Ghana’s inflation rate experienced a slight decrease, reaching 23.1%, down from 23.5% in January. This drop is largely attributed to a 1.8% reduction in food inflation, which has demonstrated a continuous downward trend over the past four months, according to Government Statistician, Prof. Samuel Kobina Annim.
Food inflation stood at 28.1% in February, a slight drop from 28.3% in January, while non-food inflation decreased marginally to 18.8%, from 19.2% in the previous month. The Upper West Region recorded the highest food inflation rate at 49.8%, closely followed by the Savannah Region at 48.6%.
Despite the overall decline in food inflation, certain categories experienced significant price increases, including:
– Ready-made food and other food products: 45.5%
– Cereals and cereal products: 38.6%
– Fish and seafood: 26.5%
– Vegetables, tubers, cooking bananas, and pulses: 28.1%.
In conclusion, while Ghana’s inflation rate and food inflation are showing signs of decline, the rates remain notably high, particularly in certain regions and product categories. Monitoring these developments remains essential as the nation grapples with economic challenges.
Ghana’s inflation rate has seen a slight decrease to 23.1% in February 2025, primarily due to lower food inflation. However, the inflation rate remains significantly high, with the Upper West Region experiencing the highest food inflation. Observing these trends is crucial for understanding Ghana’s economic landscape moving forward.
Original Source: www.ghanaweb.com
