Ghana’s Inflation Declines to 23.1% in February 2025

Ghana's inflation rate dropped slightly in February 2025, falling to 23.1% from 23.5% in January, primarily driven by a 1.8% decline in food inflation.

Key Highlights:

Food inflation: 28.1% (down from 28.3% in January)

Non-food inflation: 18.8% (down from 19.2% in January)

Upper West Region: Recorded the highest food inflation at 49.8%

Savannah Region: Reported food inflation of 48.6%

Food Inflation Trends:

According to Government Statistician Prof. Samuel Kobina Annim, food inflation has been on a continuous decline over the past four months, falling by 2.0 percentage points from November 2024 to February 2025.

Despite the decrease, February’s 23.1% inflation rate remains the third highest in the last 10 months.

Price Increases in Food Items:

The categories that saw notable price hikes include:

Ready-made food & other food products: 45.5%

Cereals & cereal products: 38.6%

Fish & seafood: 26.5%

Vegetables, tubers, cooking bananas, pulses: 28.1%

The non-food inflation rate also declined marginally, dropping from 19.2% in January to 18.8% in February.

The Upper West Region had the highest food inflation (49.8%) and the second-highest non-food inflation (24.0%), followed by the Savannah Region (48.6%).