Ghana’s inflation rate declined to 21.2% in April 2025, its lowest level in eight months.
A stronger cedi has helped curb import-related price pressures, contributing to the drop.
Both food and non-food inflation moderated, with food inflation slowing to 25.0% from 26.5% in March and non-food inflation decelerating to 17.9% from 18.7%.
Consumer prices fell by 0.8% month-on-month during the period.
Meanwhile, economist Dr. Samuel Worlanyo Mensah says the recent appreciation of the Ghana Cedi and reduction in fuel prices may not lead to a corresponding drop in the prices of goods due to the country’s manual approach to economic management.
He said until Ghana adopts an automated economic analysis and decision-making system, such changes in macroeconomic indicators would not automatically reflect in the pockets of ordinary Ghanaians.
He noted that Ghana’s economy was not structured in a way that allowed price adjustments to occur seamlessly in response to positive economic indicators.
“While the strengthening of the cedi and the falling fuel prices were commendable developments, that alone could not guarantee a reduction in the cost of living,” Dr Mensah told GNA.
“We have not re-profiled the economy on automation, and there are manual dimensions that go into reductions, especially in transport fares,” he added.
