Ghana's year-on-year inflation rate dropped to 22.4% in March 2025, down from 23.1% recorded in February, according to the latest report from the Ghana Statistical Service (GSS).

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On a month-on-month basis, inflation eased to 0.2% in March from 1.3% in February.

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The Government Statistician, Professor Samuel K. Annim, attributed the slowdown mainly to a reduction in food inflation, which fell to 26.5% in March, compared to 28.1% in February. Food inflation has now shown a consistent decline over two months.

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Vegetables, tubers, and plantains were the primary contributors to food inflation in March, continuing a trend from previous months. Meanwhile, non-food inflation saw a slight dip, decreasing to 18.7% in March from 18.8% in February. The month-on-month increase for non-food items stood at 0.7%.

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Items such as food and non-alcoholic beverages, housing, water, and electricity, as well as alcoholic beverages and tobacco, recorded inflation rates surpassing the national average of 22.4%. Specifically, food and non-alcoholic beverages saw inflation of 26.5%, housing, water, and electricity reached 25.1%, and alcoholic beverages and tobacco rose by 23.8%.

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Additionally, inflation for locally produced items fell to 24.0% in March, down from 25.1% in February, while inflation for imported goods experienced a slight increase, rising to 18.7% from 18.5% the previous month.

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On a regional level, the Upper West Region experienced the highest inflation rate at 36.2%, almost double the rate of the Volta Region, which recorded the lowest inflation rate at 18.9%.

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