Ghana’s year-on-year headline inflation rate has dropped to 13.7% in June 2025, down from 18.4% in May, marking the sixth consecutive month of decline and the lowest rate since December 2021. According to the Ghana Statistical Service (GSS), the downward trend reflects both seasonal effects and the impact of ongoing fiscal and monetary policy interventions.
The monthly inflation rate recorded a deflation of -1.2% in June compared to a 0.7% inflation rate in May. Food inflation eased significantly to 16.3% in June from 22.8% in May, while non-food inflation declined to 11.4% from 14.4% over the same period. Notably, goods inflation continued to outpace that of services, with goods inflation declining to 15.2% from 20.1% in May and services inflation falling to 9.3% from 14.3%.
Core inflation, which strips out volatile items like food, energy, and transport, dropped sharply to 8.3% in June from 19.5% in May. Regionally, Bono East recorded the lowest inflation rate at 8.4%, while the Upper West Region continued to register the highest inflation at 32.3%. The Government Statistician, Dr. Alhassan Iddrisu, noted that the government will continue to consolidate the gains to avoid a rebound, with a target of 11.9% inflation rate by year-end.
Ruth Abla ADJORLOLO
