Ghana’s inflation rate has dropped significantly to 18.4% in May 2025, down from 21.2% in April, according to the Ghana Statistical Service (GSS). The sharp drop is attributed to a reduction in transportation fares and a decline in non-food inflation.
This marks the fifth consecutive reduction in inflation for 2025, signalling a consistent decline in the rate at which prices are increasing. It is also the lowest inflation rate recorded since February 2022.
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“The fall in fuel prices at the pumps, along with the subsequent reduction in transport fares, contributed the most to the May inflation figure,” said Government Statistician Dr. Alhassan Iddrisu.
At the regional level, the Upper West Region recorded the highest inflation rate at 38.1%, while the Ahafo Region recorded the lowest at 14.5%.
