Ghana’s inflation rate for June 2025 dropped to 13.7 per cent, marking the lowest rate recorded since December 2021.
According to the figures released by the Ghana Statistical Service (GSS) on Wednesday, July 2, the inflation rate dropped from 18.4 per cent recorded in May 2025.
“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,” the Government Statistician, Dr Alhassan Iddrisu, said in the report.
He attributed the consistent downward trend to “the pressures driving inflation over the past months are declining”.
Dr Iddrisu noted that the disinflation provides “some breathing room for households, a more predictable environment for businesses, and for our policymakers, a powerful signal that recent fiscal and monetary efforts may be taking hold.”
According to the report, the main drivers of the decline were the drop in food inflation, which fell from 22.8 per cent in May to 16.3 per cent in June; and non-food inflation, which dropped to 11.4 per cent from 14.4 per cent.
According to local media reports, the prices for both locally produced and imported goods showed a general slowdown, with locally produced items recording a year-on-year inflation rate of 14.0 per cent, down from 19.2 per cent the previous month. Imported goods also saw a drop, from 16.4 per cent in May to 12.5 per cent in June.
GIK/APA