Ghana’s year-on-year inflation rate dropped significantly to 18.4% in May 2025, down from 21.2% in April, according to the latest data from the Ghana Statistical Service (GSS).
This 2.8 percentage point decline marks the fifth consecutive monthly drop in inflation and represents the lowest rate recorded since February 2022.
Announcing the figures at a press briefing in Accra, Government Statistician Dr. Alhassan Iddrisu attributed the decline largely to recent reductions in fuel prices, which triggered a nationwide decrease in transport fares.
These developments, he noted, helped ease overall inflationary pressures.
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Food and non-alcoholic beverages remained the largest contributors to inflation, followed by housing, water, electricity, gas, and other fuels.
Despite the progress, the GSS emphasized the need for continued attention to inflation-sensitive sectors to maintain the downward trend.
Regionally, the Upper West Region recorded the highest inflation rate at 38.1%, while the Ahafo Region posted the lowest at 14.5%.
The May data reinforces hopes of macroeconomic stabilization, with the GSS urging stakeholders to stay the course on policies that support price stability and ease the cost of living for Ghanaians.
Source: Ghana/ Starrfm.com.gh/ Calvin Powell
