Ghana’s inflation rate fell sharply to 18.4% in May 2025, down from 21.2% in April, marking the lowest level since February 2022. This decline continues a five-month streak of easing inflation.
According to the Ghana Statistical Service (GSS), the drop was largely driven by a reduction in transport fares, spurred by falling fuel prices. There was also a noticeable slowdown in the rise of non-food prices.
Speaking at a press briefing in Accra, Government Statistician Dr. Alhassan Iddrisu noted that lower fuel and transport costs have helped ease the financial burden on households. While food prices remain relatively high, they are beginning to trend downward.
Regional disparities, however, remain. The Upper West Region posted the highest inflation rate at 38.1%, primarily due to elevated food and transport costs. In contrast, the Ahafo Region recorded the lowest rate at 14.5%, reflecting more stable price levels.
