Ghana Records Marginal Inflation Dip for February 2025

The Ghana Statistical Service (GSS) has posted an inflation rate of 23.1% for February 2025, down from 23.5% in January 2025.

This is a 0.4% dip in the year-on-year inflation for February, the Government Statistician, Prof. Samuel Kobina Annim, announced at a press conference on March 5, 2025.

He explained, “On a month-to-month basis with an index of 255.9% for February 2025 relative to 252.6% in January 2025, the month-to-month inflation for February 2025 stood at 1.3%.

“This means that between January and February 2025, general price levels of goods and services went up by 1.3%. This also signifies and 0.4% point drop relative to the rate that was recorded in January.”

Food and Non-Food
Per the data of the GSS, food inflation in February was 28.1%, down from 28.3% with a month-to-month inflation was 1.8%.

Meanwhile, the country recorded a dip in non-food inflation from 19.2% to 18.8%.

“So from the Food and non-food perspective, we’ve seen marginal declines on a year-on-year basis between January and February 2025. We still continue to record significant differences between food inflation and non-food inflation as the difference between food inflation and non-food inflation for the month of February 2025 was 9.3% with food inflation at 28.1% and non-food inflation at 18.8%.”

Local and Imported Items
Here, the country recorded a difference of 6.6% as locally produced items recorded 25.1% while imported items recorded a rate of 18.5%.

Regional Distribution
The Upper West Region recorded the highest rate of inflation at 35.5% while the Volta Region recorded the lowest rate of 18.1%.

In terms of food inflation, the Upper East recorded the highest food inflation rate of 49.8% while the Volta Region had 17.9%.

Meanwhile, the Upper East recorded the highest non-food regional inflation at 29.2% and the Eastern Region the lowest at 14.5%.

According to Prof Annim, the Upper East’s high rate was driven by Housing, water, electricity gas and other fuels having a rate of inflation which was more than three times the regional rate of inflation.

“Prices changes for water, electricity and gas in the Upper West Region went up by close to 120% relative to the regional overall rate of inflation of 35.5% for the month of February 2025. Two other divisions across the 13 divisions recorded rates higher than the rate of inflation of 35.5%. Specifically, education services; as well as food and non-alcoholic beverages recorded respective rates of 60.6% and 49.8%.”

“From a food perspective, fish and other seafood; oil and fats; live animals, meat and other parts of slaughtered land animals; and fruits and nuts.”

Source: opemsuo.com/Hajara Fuseini