Ghana’s Inflation Rate Decreases to 23.1% in February 2025

Ghana’s inflation decreased to 23.1% in February 2025, down from 23.5% in January. Food inflation fell to 28.1%, with the Upper West Region experiencing the highest at 49.8%. The non-food inflation rate also decreased slightly to 18.8%.

In February 2025, Ghana’s inflation rate experienced a slight reduction, reaching 23.1%, down from 23.5% in January. This decline can be primarily attributed to a 1.8% decrease in food inflation. The non-food inflation rate also saw a modest drop, moving from 19.2% in January to 18.8% in February.

Notably, food inflation registered at 28.1%, decreasing from 28.3% in January. In this context, the Upper West Region reported the highest food inflation rate at 49.8%, closely followed by the Savannah Region at 48.6%.

Ghana’s inflation reduction to 23.1% in February 2025, primarily driven by declining food prices, is a positive development. Despite the decline, inflation remains relatively high compared to previous months. Continuous monitoring of price trends will be essential as the country navigates these economic challenges.

Original Source: www.ghanaweb.com