Inflation in Ghana drops to 23.2% in February

The latest data from the Ghana Statistical Service (GSS) shows a decrease in inflation, with the February figure dropping to 23.2% from 23.5% in January. This indicates a slight decline in the prices of goods and services.

During a press briefing in Accra, Government Statistician Prof. Samuel Kobina Anim explained that the 23.2% inflation rate signifies an increase in the

Read full articleprices of goods and services over a one-year period.

Prof. Anim noted that this figure reverses the marginal increase recorded in January 2024, when inflation rose to 23.5%. He highlighted that this turnaround is significant, indicating a positive trend in inflation rates.

The Consumer Price Index data released by the GSS shows that food and non-food inflation stood at 27.0% and 20.0% respectively. This suggests that food prices have continued to rise at a higher rate compared to non-food items.