Ghana’s Inflation Dips Slightly in January to 23.5%

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Image Credit: Africa Liberty

Ghana’s inflation rate edged down slightly in January 2025, dropping to 23.5% from 23.8% in December 2024, according to the latest data.

By the numbers

  • Food inflation continued its upward trend, rising to 28.3% from 27.8% in December.
  • Non-food inflation declined to 19.2% in January.
  • Locally produced items saw inflation ease to 25.7% from 26.4%.
  • Imported items recorded a marginal increase, climbing to 18.4% from 17.9%.

Sector breakdown

  • Alcoholic beverages, tobacco, and narcotics: 27.2%
  • Food and non-alcoholic beverages: 28.3%
  • Housing, water, electricity, gas, and other fuels: 24.6%

Regional disparities

  • Western Region recorded the highest inflation at 49.9%.
  • Volta Region had the lowest at 18.0%.

Why it matters

While overall inflation is easing, rising food prices remain a concern, putting pressure on household budgets.

Source: Joy Online


AI Writer for Tech Labari