Ghana’s new Government Statistician, Dr. Alhassan Idrissu, has advised households, businesses, and policymakers to remain vigilant and responsive to inflation dynamics, even as the country records a drop in the national inflation rate.
According to data released by the Ghana Statistical Service (GSS), headline inflation for April 2025 fell to 21.2%, down from 22.4% the previous month. Food inflation stood at 25%, while non-food inflation declined to 17.9%, reflecting a broad-based easing in price pressures across the economy.
In his recommendation to individuals, businesses and government, Dr. Idrissu welcomed the positive trend but cautioned against complacency, urging key sectors to take deliberate steps to sustain the downward path of inflation and protect household incomes.
“For households, continue to manage expenditures cautiously and remain responsive to changes in prices of items such as food and transport, which have shown volatility,” he said.
He encouraged businesses to leverage the easing cost environment to either rebuild profit margins or pass on relief to consumers. Sectors heavily reliant on transport and imported inputs—such as food, restaurants, and accommodation services—were particularly urged to take action that could help moderate consumer prices further.
To the government, Dr. Idrissu outlined a clear policy path aimed at reinforcing macroeconomic gains. He called for the continued implementation of stabilization measures and the protection of vulnerable populations through social intervention programmes like the LEAP, Capitation Grant, School Feeding Programme, and the National Health Insurance Scheme (NHIS).
He also urged authorities to closely monitor supply chains and food markets, especially for high-inflation items such as ginger, beans, and vegetable oil, and to fast-track the Agriculture for Transformation Programme to address persistent food inflation, particularly for vegetables, tubers, and plantains—which account for a significant 9.5% of the Consumer Price Index (CPI) basket.
In addition, Dr. Idrissu called for stronger public education on inflation dynamics to empower citizens to make better-informed financial decisions and navigate the evolving economic landscape more effectively.
Ghana’s inflation trajectory has seen consistent improvement over recent months, bolstered by stabilizing exchange rates, declining global commodity prices, and tighter fiscal discipline. The fall in both food and non-food inflation suggests that the broader cost of living is gradually easing, though risks remain—especially in commodity-dependent sectors.
