May inflation eases further to 18.4%

The monthly inflation rate in Ghana eased to 0.7 percent in May. This is down from 0.8 percent in April, according to the Ghana Statistical Service (GSS).

Government Statistician Dr. Alhassan Iddrisu addressed the press. He noted that disinflation may be influenced by several factors. These include a stronger cedi, tighter monetary policy, and fiscal consolidation. Positive market sentiments also play a role.

Dr. Iddrisu expressed cautious optimism about this trend continuing. He believes it will provide relief for households and stability for businesses and investors.

The government’s budget for 2025 aims to reduce inflation to