The Ghana Statistical Service (GSS) is urging coordinated efforts from households, businesses, and government to maintain the country’s current disinflation path, following a marginal drop in the national inflation rate.
Year-on-year inflation eased to 21.2% in April 2025, down slightly from 22.4% in March — marking the fifth consecutive monthly decline.
Addressing the media, Government Statistician Dr. Alhassan Iddrisu described the outlook as “cautiously optimistic,” noting that while inflationary pressures are easing, price volatility in key sectors such as food and transport continues to affect everyday living.
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 also called on businesses to leverage the easing cost environment to stabilise operations, particularly in areas reliant on transport and imported inputs such as restaurants and accommodation services.
He further urged the government to stay the course on macroeconomic measures and maintain ongoing social intervention programmes to protect lower-income households.
These include initiatives like the Livelihood Empowerment Against Poverty (LEAP), the Capitation Grant, and the School Feeding Programme.
In his remarks, he highlighted the need for closer monitoring of food markets, particularly high-inflation items like ginger, beans, and vegetable oil.
He also emphasized accelerating support for agriculture, saying government must “fastrack the implementation of the Agriculture for Transformation Programme to reduce food inflation, particularly on vegetables, tubers, and plantains which have a high weight in the CPI basket.”
Dr. Iddrisu concluded by stressing the importance of inflation literacy, urging that “public education on inflation dynamics be strengthened to promote informed household decision-making.”
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