Ghana Records First Inflation Drop in 5 Months: January 2025 Analysis
Key Highlights
- Overall inflation drops to 23.5%
- Food inflation rises to 28.3%
- Non-food inflation falls to 19.2%
- The government missed the 2024 target of 15%
Breaking the Upward Trend
After four consecutive months of increases, Ghana’s inflation rate has finally shown signs of easing, dropping to 23.5% in January 2025. This development marks a significant shift in the country’s economic indicators, though challenges remain.
Food Inflation Continues to Rise
- January 2025: 28.3%
- December 2024: 27.8%
- Net increase: 0.5 percentage points
For more details on food price trends, visit the Ghana Statistical Service portal.
Non-Food Sector Shows Improvement
The non-food sector presents a more optimistic picture:
- January 2025: 19.2%
- December 2024: 20.3%
- Decrease: 1.1 percentage points
Learn more about sector-specific inflation data at Bank of Ghana’s Economic Data.
Expert Analysis
According to Government Statistician Professor Samuel Kobina Annim, “This indicates a disinflation as the rate of inflation has slowed down by 0.3 percentage points.” For comprehensive economic analysis, visit ISSER Ghana.
Historical Context
The latest figures come after Ghana missed its ambitious 2024 year-end target:
- Target: 15%
- Actual December 2024: 23.8%
- November 2024: 23.0%
Consumer Impact
- Essential goods pricing
- Household budget implications
- Market dynamics
Learn more about consumer protection measures at Consumer Protection Agency Ghana.
Business Implications
- Pricing strategies
- Investment decisions
- Market adaptations
For business advisory services, visit Ghana Investment Promotion Centre.
Looking Forward
Analysts suggest monitoring these key areas:
- Food security measures
- Supply chain improvements
- Monetary policy adjustments
Related Resources
Expert Commentary
“While the overall decline in inflation is welcome news, the persistent rise in food inflation requires targeted intervention,” notes Prof. Annim. For more expert insights, visit Institute of Economic Affairs Ghana.
Keep track of Ghana’s economic indicators through our comprehensive economic dashboard.