According to them, the decline has reduced the cost of foodstuff purchased from farmers
Some market women across the capital, Accra, have commended the Bank of Ghana (BoG) and government for its efforts in bringing down headline inflation, which ended 2025 at 5.4 percent according to the Ghana Statistical Service.
According to them, the consistent decline has reduced the cost of foodstuff purchased from farmers and improved sales.
“Last year [2024] was really tough. I would buy a box of tomatoes for GH¢2,800, but I often struggled to sell them at a profit. This year, I bought the same box at GH¢2,500 and was able to sell all, making some meaningful profit,” one tomato seller told Accra-based UTV.
An onion trader echoed the sentiment, praising the Central Bank for taming in inflation and urging it to maintain low rates, which she said keeps food affordable and benefits ordinary Ghanaians.
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Ghana started 2025 with an annual inflation rate of 23.5% in January, slightly lower than 23.8% in December 2024.
The Ghana Statistical Service (GSS) said food prices were the main driver of inflation over the period, while prices of non-food items gradually fell over the year.
By December 2025, headline inflation had dropped for 12 months in a row to 5.4%, well below the Central Bank’s target range of 8+/-2%.
Government Statistician Dr Alhassan Iddrisu said the drop in inflation represents an 18.4 percentage point decline compared to last year.
He added that food inflation fell sharply to 4.9% in December, down from 6.6% in November and 27.8% in December 2024, a 22.9 percentage point decrease over the year [2024].
“This is important because food makes up about 43% of household spending. Lower food prices give families immediate relief,” Dr Iddrisu earlier said.
However, the Ghana Statistical Service (GSS) warned that short-term price changes still happen due to seasonal factors, and the gains need to be maintained.
The fall in inflation was also helped by the Bank of Ghana’s huge interest rate cuts in 2025, which reduced the prime rate by 10%, from 28% in January to 18% in December 2025.
MA