Ghana’s consumer inflation has risen for the fourth consecutive month, reaching 23.8 percent year-on-year in December 2024, up from 23 percent in November, according to data released by the Ghana Statistical Service (GSS) on Wednesday.
Addressing a press conference, Government Statistician Samuel Kobina Annim explained that the increase was primarily driven by higher food prices.

Food inflation saw a significant jump, rising to 27.8 percent in December from 25.9 percent in November. This contributed to the overall inflation increase, with specific food items, such as yams, showing drastic year-on-year price hikes of 63.3 percent.

The Upper East Region recorded the highest regional inflation at 40.6 percent, while the Eastern Region reported the lowest at 16.8 percent.

Prof. Annim highlighted the need for a dual approach to tackling inflation, addressing both monetary and real-sector issues.
He urged policymakers to focus on production, value chains, transportation, warehousing, and reducing post-harvest losses to stabilise food prices.