{"id":370052,"date":"2026-01-14T21:28:13","date_gmt":"2026-01-14T21:28:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/370052\/"},"modified":"2026-01-14T21:28:13","modified_gmt":"2026-01-14T21:28:13","slug":"watch-as-market-women-praise-bog-as-inflation-falls-boosting-food-trade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/370052\/","title":{"rendered":"Watch as market women praise BoG as inflation falls, boosting food trade"},"content":{"rendered":"

\"According <\/a>According to them, the decline has reduced the cost of foodstuff purchased from farmers<\/p>\n

Some market women across the capital, Accra, have commended the <\/a>Bank of Ghana<\/a> (BoG) and government for its efforts in bringing down headline inflation, which ended 2025 at 5.4 percent according to the Ghana Statistical Service. <\/p>\n

According to them, the consistent decline has reduced the cost of foodstuff purchased from farmers and improved sales.<\/p>\n

\u201cLast year [2024] was really tough. I would buy a box of tomatoes for GH\u00a22,800, but I often struggled to sell them at a profit. This year, I bought the same box at GH\u00a22,500 and was able to sell all, making some meaningful profit,\u201d one tomato seller told Accra-based UTV.<\/p>\n

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.<\/p>\n

Asantehene urges political parties to support BoG Governor and his team<\/a><\/p>\n

Ghana started 2025 with an annual inflation rate of 23.5% in January, slightly lower than 23.8% in December 2024.<\/p>\n

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.<\/p>\n

By December 2025, headline inflation had dropped for 12 months in a row to 5.4%, well below the Central Bank\u2019s target range of 8+\/-2%.<\/p>\n

Government Statistician Dr Alhassan Iddrisu said the drop in inflation represents an 18.4 percentage point decline compared to last year.<\/p>\n

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].<\/p>\n

\u201cThis is important because food makes up about 43% of household spending. Lower food prices give families immediate relief,\u201d Dr Iddrisu earlier said.<\/p>\n

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.<\/p>\n

The fall in inflation was also helped by the <\/a>Bank of Ghana<\/a>\u2019s huge interest rate cuts in 2025, which reduced the prime rate by 10%, from 28% in January to 18% in December 2025.<\/p>\n

MA<\/p>\n","protected":false},"excerpt":{"rendered":"According to them, the decline has reduced the cost of foodstuff purchased from farmers Some market women across…\n","protected":false},"author":2,"featured_media":370053,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-370052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/370052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=370052"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/370052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/370053"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=370052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=370052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=370052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}