The Ghana Statistical Service (GSS) has reported that Ghana’s year-on-year inflation rate slowed to 25% in April, marking a slight improvement from the previous month’s 25.8%.
This 0.8 percentage point drop indicates a moderation in inflationary pressures across the country.
According to Professor Samuel Anim, the Government Statistician at GSS, the reduction in inflation was primarily attributed to a notable decline in food prices during April. Food inflation decreased from 29.6% in March to 26.8% in April, representing the lowest level in 13 months.
Conversely, non-food inflation saw an uptick, rising to 23.5% in April from 22.6% in March. This increase contributed to a slight offset against the overall decrease in inflation.
Professor Anim highlighted the contrasting performance between food and non-food sectors as key drivers behind the observed inflation trend. The data underscores a shift in the inflation dynamics within Ghana’s economy during the month of April.
