The inflation rate in Ghana eased marginally in March 2025, dropping to 22.4% year-on-year from February’s 23.1%.
This decline was largely driven by a sharp decrease in food inflation, which fell by 1.6 percentage points, while non-food inflation saw a slight dip of 0.1 percentage point.
Speaking at a press conference, Government Statistician,
Professor Samuel Kobina Annim, noted that the 22.4% inflation rate recorded in March was the lowest in the past four months. The inflation rate had previously peaked at 23.8% before gradually declining through 23.5% in January, 23.1% in February, and finally 22.4% in March.
Food and non-food inflation trends
Despite remaining high, food inflation decreased significantly to 26.5% in March from 28.1% in February.
Non-food inflation also declined slightly, settling at 18.7% compared to February’s 18.8%.
On a monthly basis, overall inflation remained subdued, with prices rising by just 0.2% in March. Food prices even saw a slight contraction of 0.2% month-on-month, signaling a possible slowdown in
food inflation.
However, non-food inflation experienced a minor increase, rising by 1.3% compared to the previous month’s 0.9%.
Regional disparities in inflation rates
A regional breakdown of the inflation data revealed that the Volta Region recorded the lowest year-on-year inflation at 18.9% in March 2025.
Other regions also experienced varying inflation rates, reflecting differences in price trends across the country.
The continued decline in inflation provides a positive signal for the economy, although concerns remain over persistent price increases in some sectors.
Analysts will be closely monitoring the trend in the coming months to assess the sustainability of this decline and its impact on households and businesses.
