Ghana's inflation rate declined to 23.5% in January 2025, marking a slight drop after four consecutive months of rising inflation.
This comes after the government failed to meet its 2024 year-end inflation target of 15%, with inflation closing at 23.8% in December 2024, up from 23.0% in November.
Despite the overall slowdown, food inflation remains a major concern, increasing from 27.8% in December to 28.3% in January.
On the other hand, non-food inflation continued to decline, dropping from 20.3% in December to 19.2% in January 2025.
