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Home Business Economy

Ghana’s inflation drops to 13.7% in June, lowest since 2021

Dennis GyamfibyDennis Gyamfi
July 2, 2025
in Economy
Reading Time: 2 mins read
Ghana’s inflation drops to 13.7% in June, lowest since 2021

Ghana’s year-on-year inflation rate for June 2025 has dropped sharply to 13.7%, marking the lowest level recorded since December 2021 and extending a six-month streak of consistent decline.

The figures, released by the Ghana Statistical Service (GSS), reflect a significant fall from the 18.4% recorded in May. The drop was largely attributed to easing food prices and a general slowdown in price increases across key consumer categories.

Get more exclusive breaking news updates on our WhatsApp channel .

Government Statistician Dr. Alhassan Iddrisu, speaking at a press briefing in Accra, described the development as a sign of real and sustained improvement in the country’s inflation outlook. “For the first time in a while, we are recording a month-on-month deflation of 1.2 per cent between May and June, suggesting a real and sustained shift in price levels,” he stated.

Food inflation dropped notably from 22.8% in May to 16.3% in June. Non-food inflation also eased from 14.4% to 11.4% during the same period, underscoring broad-based disinflation across major expenditure groups.

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However, regional disparities remain pronounced. The Upper West Region recorded the highest inflation rate at 32.3%, largely due to rising food and utility costs. The Bono Region, on the other hand, posted the lowest at 8.4%.

Dr. Iddrisu urged the incorporation of localised and granular data in economic planning to better address regional imbalances and sustain the national disinflationary trend.

The latest figures offer hope for policymakers and businesses, as the government remains optimistic about reaching its target of single-digit inflation by early 2026.

Tags: Ghana Statistical Services

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