Inflation Drops in 2025 but Cost of Living Still High

The Government Statistician, Dr Alhassan Iddrisu, says although inflation declined significantly in 2025, the cost of living in Ghana remains high. He made the remarks on Wednesday, April 29, during the launch of Ghana’s 2025 Annual Inflation Report. According to him, inflation dropped from 23.5% in January to 5.4% in December, with the annual average falling to 14.6% in 2025 from 22.9% in 2024. Despite this progress, he noted that many Ghanaians are still feeling the pressure of high living costs, largely driven by food prices and domestic supply challenges. Dr Iddrisu also stated that Ghana’s inflation performance improved compared to other countries by the end of the year. However, he stressed the need for continued efforts to reduce inflation further and address regional disparities. He explained that while the progress is encouraging, it must be sustained through discipline, stronger food systems, and the use of reliable data. Dr Iddrisu added that the report provides useful insights to guide decision-making for households, businesses, policymakers, and investors.