Ghana’s inflation rate saw a significant decline in June 2025, dropping by 4.7 percentage points from 18.4% in May to 13.7%, marking the sixth consecutive drop in year-on-year inflation.

The figure represents the lowest inflation rate since December 2021, reinforcing growing optimism around the country’s economic trajectory.

According to Government Statistician Dr. Alhassan Iddrisu, the consistent downward trend signals more than a temporary shift.

“The downward inflationary trend over the last 6 months provides some consistency and assurance of a real sustained shift in prices,” Dr. Iddrisu stated.

The June decline was driven by notable reductions in both food and non-food inflation. Food inflation dropped by 6.5 percentage points, from 22.8% in May to 16.3% in June. Non-food inflation also fell by 3 percentage points, landing at 11.4%.

However, the national progress is not evenly distributed. The Upper West Region recorded the highest regional inflation at 32.3%, largely driven by rising food prices and utility costs, while the Bono Region posted the lowest rate at 8.4%.

Dr. Iddrisu emphasised the need for granular data analysis to better understand and address these regional disparities.

“We must begin to use more granular data to better understand and respond to the disparities in regional inflation. This is essential to ensure that all regions benefit from the national disinflation trend,” he added.

Commenting on the broader implications on The MarketPlace on JoyNews, Nelson Cudjoe Kuagbedzi, Head of Finance at Merban Capital, said the drop in inflation is a strong signal of policy effectiveness.