Ghana’s inflation rate fell sharply in 2025, marking one of the strongest improvements in recent years, according to the 2025 Annual Inflation Report released by the Ghana Statistical Service (GSS).
The report shows that inflation dropped from 23.5 percent in January 2025 to 5.4 percent by December, the lowest end-year rate since 2019. Annual average inflation also declined to 14.6 percent, down from 22.9 percent in 2024, reflecting progress in stabilizing prices despite earlier pressures.
Government Statistician, Dr. Alhassan Iddrisu, noted that while inflation has declined, sustaining low levels will require stronger food systems, infrastructure development, stable macroeconomic policies, and continued reliance on data-driven decision-making.
The report highlighted regional disparities, with Upper West recording the highest average inflation at 24.9 percent, compared to Bono East’s 10.9 percent. Analysts say these differences reflect variations in food supply, infrastructure, and market access across the country.
Food remained the single largest driver of inflation, contributing more than 50 percent to the overall rate, alongside locally produced goods and services.
Officials emphasized that Ghana’s end-year inflation of 5.4 percent was lower than the Sub-Saharan Africa and ECOWAS averages, though the annual average of 14.6 percent remained above the regional Sub-Saharan benchmark of 12.5 percent.
The GSS underscored that the findings demonstrate progress in stabilizing the economy, while also pointing to the need for sustained reforms to ensure resilience and equitable growth across regions.
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