Inflation rate eased marginally in February to 23.1%, down from 23.5% recorded in January 2025
This marks the second consecutive decline this year. It was driven by a decline in food prices, according to the Ghana Statistical Service.
The drop was as a result of a reduction in food inflation, which stood at 28.1%, while non-food inflation remained at 18.8%.
From a regional perspective, the Upper West Region recorded the highest inflation rate at 35.5%, while the Volta Region posted the lowest at 18.1%.
“In the last four months, you’ve seen consistent decline in food inflation on a month-on-month basis, declining by 2.0 percentage points between November 2024 and February 2025”, Government Statistician, Prof. Samuel Kobina Anim said.
With inflation on a downward trend, analysts suggest the development could influence a potential policy rate cut by the Bank of Ghana, as it seeks to balance economic growth with price stability.
