With Producer Price Inflation easing to 18.5% in April 2025, marking the third consecutive monthly drop the Ghana Statistical Service (GSS) is calling on government to seize the opportunity for impactful economic reform and stabilization.
In a statement following the release of the latest inflation data, the GSS encouraged policymakers to “take advantage of the declining inflation to fast-track targeted interventions such as the Gold Board initiative and the Agriculture for Transformation Agenda to further improve exchange rate stability and grow import substitution industries.”
The GSS emphasized the need for government agencies and policymakers to adopt data-driven strategies, using granular sector breakdowns to guide inflation control measures and shape industry and trade policies more effectively.
“Use detailed sub-sector breakdowns to guide inflation control strategies, as well as industry and trade policies,” the Service noted.
Public engagement and education were also highlighted as key components of the path forward. “Strengthen public education on producer inflation and its implications for businesses, consumers, and policy actors to promote transparency and informed decision-making,” the GSS urged. Sharing positive economic indicators, it added, would help foster public confidence in Ghana’s economic trajectory.
While the slowdown in producer inflation is encouraging, the GSS cautioned against complacency, noting that falling prices might also signal softening demand.
“While a falling rate of price increases helps, it can also mean people aren’t buying as much. Be ready to act if businesses or jobs come under pressure.”
The latest figures offer a window of opportunity for Ghana to strengthen macroeconomic stability, boost local production, and better insulate itself from external shocks if decisive policy action follows.
