Audio By Carbonatix
The Minister for Food and Agriculture, Eric Opoku, says Ghana’s food inflation has dropped dramatically to 9.5 per cent as of October 2025, marking one of the most significant declines in recent years.
Speaking at the Government Accountability Series in Accra on Monday, November 24, Mr Opoku attributed the improvement to decisive policy interventions, stabilisation measures, and reforms within the food production and supply chain.
He recounted the difficult economic environment the government inherited, noting that food prices had risen steeply over the past three years.
“Indeed, food prices in Ghana have been on a relentless upward trajectory. Between 2022 and early 2025, the cost of basic food commodities more than doubled in several urban markets,” he said.
Mr. Opoku explained that the country experienced a historic surge in food inflation, which peaked at 61 per cent in January 2023 under the previous administration.
Although there were minor declines afterwards, food inflation remained “dangerously high”, undermining household purchasing power and increasing the general cost of living.
He added that when the NDC government assumed office in January 2025, food inflation stood at 28.3 per cent, illustrating the fragile macroeconomic environment at the time.
“Today, due to decisive leadership, prudent interventions and efforts to stabilise the food system, food inflation has dropped significantly to 9.5 per cent as of October 2025, providing much-needed relief to households and industries alike,” he noted.
The minister described the turnaround as clear evidence of the impact of the government’s push to reset the agricultural economy, saying the gains reflect the importance of building strong fundamentals for sustainable food security.
Mr. Opoku assured that the ministry will continue to implement strategic reforms aimed at strengthening local production, improving market efficiency, and ensuring continued price stability across the country.
Latest Stories
-
The final mic: A nation pauses as Daddy Lumba takes his bow
21 minutes -
Amin Adam rejects ‘blind loyalty’ claims, says Northern support for Bawumia is based on competence
28 minutes -
Ghana Card becomes mandatory for insurance transactions from 2026
30 minutes -
December in GH: Beware of ‘I don’t have Cedis borgas’
32 minutes -
No $300 daily allowance: GAF explains real UN peacekeeping pay
33 minutes -
One dead, another in critical condition after wild bees’ attack
42 minutes -
Michael Okyere Baafi hosts 2025 Christmas ‘Shop for Free’ initiative for elderly in New Juaben South
44 minutes -
Opoku-Agyemang urges long-term investment to grow Africa’s film and creative economy
48 minutes -
Analysing Bank of Ghana’s $10bn forex intervention in 2025
51 minutes -
LA police investigate ‘apparent homicide’ at Rob Reiner’s home
54 minutes -
Health Ministry secures GH¢22.8bn to upgrade facilities and expand workforce
55 minutes -
ECOWAS denounces coup plots, moves to bolster West Africa’s security architecture
57 minutes -
Brown University: ‘We made eye contact’: Ghanaian student describes alleged gunman bursting into lecture hall
1 hour -
Galamsey and betting fuel rising school dropouts in Northern Ghana – Eduwatch
1 hour -
Beyond Kontrol 2025 kicks off Christmas with all-star support for Medikal
1 hour
