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Ghana’s annual consumer inflation rate slowed for the second straight month in February, easing to 23.1% from 23.5% recorded in January, according to the Ghana Statistical Service.
Government Statistician Samuel Kobina Annim, speaking at a press briefing on Wednesday (5 March) attributed the decline to a slowdown in price increases for both food and non-food items.
“In the last four months, food inflation has seen a consistent month-on-month decline, dropping by 2.0 percentage points between November 2024 and February 2025,” Annim stated.
Despite the marginal drop, he noted that February’s inflation rate remained the third highest in the past ten months, underscoring Ghana’s ongoing economic challenges.
The country is still recovering from one of its most severe economic crises in decades, with significant turbulence in its key cocoa and gold industries. Inflation remains well above the Bank of Ghana’s target range of 6%-10%, making price stability a key concern for policymakers.
In January, the central bank warned that bringing inflation back within its 8% target band (with a 2-percentage-point margin) would take longer than initially expected.
SOURCE: DAILY MAIL GH with additional files from Reuters
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