The Ghana Statistical Service (GSS) has urged a coordinated national response across households, businesses, and government agencies to consolidate the country’s gradual return to price stability, following a fifth straight month of declining inflation.
According to the latest data released by the GSS, year-on-year inflation eased to 21.2% in April 2025, down from 22.4% in March, reinforcing cautious optimism about Ghana’s economic outlook. The decline, although marginal, signals continued momentum on the disinflation front, with implications for consumer behavior, business strategy, and fiscal policy.
At a press briefing, Government Statistician Dr. Alhassan Iddrisu described the inflation trend as a “cautiously optimistic,” but warned that the economic landscape remains fragile, especially in sectors vulnerable to price swings such as food and transport.
He encouraged households to be prudent in their spending. “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.
Dr. Iddrisu advised businesses especially those heavily reliant on imported inputs and transport, such as restaurants, hospitality, and logistics firms to take advantage of the easing cost environment to streamline operations and build price resilience.
The GSS also emphasized the need for continued fiscal discipline and expansion of pro-poor programmes to shield vulnerable populations from inflation-related shocks.
Citing flagship initiatives such as LEAP (Livelihood Empowerment Against Poverty), the Capitation Grant, and the School Feeding Programme, Dr. Iddrisu called on the government to ensure consistent funding and delivery of these interventions to safeguard food and educational access among low-income households.
He also spotlighted food inflation as a key risk area, particularly the steep price swings seen in essential commodities like ginger, beans, and vegetable oil.
To mitigate these pressures, Dr. Iddrisu urged the government to fast-track the implementation of the Agriculture for Transformation Programme, aimed at increasing local production of high-consumption crops such as tubers, plantains, and vegetables, items with significant weight in the CPI basket.
In a call to action for civil society and the media, Dr. Iddrisu emphasized the role of public education in inflation dynamics. He said a better-informed public can make smarter financial decisions, adapt spending habits, and contribute to a more stable economic environment.
