Ghana's inflation for March 2023 has fallen sharply to 45%. This was influenced by some deflation recorded by the Food and non-alcoholic beverages group.

The drop is significant due to the level of increase recorded by inflation a few months ago, after it declined to 52.8 % in February 2023.

According to Government Statistician Prof. Samuel Kobina Annim, the fall shows the ongoing downward trend of inflation.

Only a few sub-groups recorded inflation during the period. The Western North region recorded the highest rate of inflation whilst the Volta region was the least.