"Vigilance is still required to tame inflation" – Government Statistician

Ghana’s Government Statistician, Dr. Alhassan Iddrisu, has cautioned that although inflationary pressures appear to be moderating, continued vigilance is necessary to sustain the gains made so far.

Addressing journalists in Accra on Wednesday, Dr. Iddrisu revealed that the country’s year-on-year inflation for April 2025 stood at 21.2%, a drop from 22.4% in March.

This marks the fifth consecutive monthly decline in the annual inflation rate, a trend he described as a “positive signal of moderating inflationary pressure.”

However, the monthly inflation rate showed a reversal in trend, climbing from 0.2% in March to 0.8% in April. Dr. Iddrisu noted that this "uptake" calls for closer monitoring, especially considering persistent volatility in food and transport prices.

"This is why vigilance is still required to tame inflation," he stressed.

He disclosed that while non-food inflation remained stable at 0.7% — the same as recorded in March — food inflation remains relatively high despite some signs of moderation.

He called for strengthened public education on inflation dynamics to empower households to make better-informed financial decisions.

Offering recommendations, Dr. Iddrisu urged households to manage their expenditures cautiously and remain alert to price changes, especially in essential areas like food and transport.

Businesses, he said, should leverage the easing cost pressures to rebuild profit margins or pass on some price relief to consumers — particularly in sectors heavily affected by transport and imported goods, such as food services and accommodation.

He also emphasized the government's role in sustaining macroeconomic stability, noting that current trends provide an opportunity to consolidate gains and reinforce economic recovery.

"The outlook is cautiously optimistic," he concluded, "but we must remain proactive to ensure inflation does not spiral again."

Story by: Joshua Kwabena Smith