Ghana Sees Food Prices Tumble Amid Inflation Drop

Market Experience Echoes Statistical Shift

Consumers in Ghana are seeing relief at the checkout, as food prices are decreasing in tandem with the nation’s falling inflation rate. Recent market observations align with reports of significant economic improvement.

Bolga Market Price Drops

Prices for staples such as rice, oil, and maize have experienced notable reductions in the Bolga market, according to award-winning investigative journalist Manasseh Azure Awuni.

In June 2025, the Ghana Statistical Service (GSS) reported that the country’s inflation rate dropped to 13.7%, a substantial decrease from 18.4% in May 2025.

Manasseh recounted his experience in the Bolga market on July 3, 2025, stating, “On Monday, I went to the Bolga Market. While I waited for some food items I had ordered from a nearby shop to arrive, the owner of the retail shop I was buying from and the man I had gone shopping with struck up a conversation about the prices of food items.”

He noted specific price changes, “A 50-kilogram bag of a rice brand from Burkina Faso, which used to sell for GH¢700, now goes for GH¢480. A certain cooking oil brand is sold for GH¢120. It used to be GH¢200, they said. A bag of maize is now sold at GH¢500, down from GH¢900.”

The journalist emphasized the importance of these price drops to Ghanaian voters, comparing it to the significance of other government policies.

Mahama’s Economy Judged in Bolga Market

On Monday, I went to the Bolga Market. While I waited for some food items I had ordered from a nearby shop to arrive, the owner of the retail shop I was buying from and the man I had gone shopping with struck up a conversation about the…

— Manasseh Azure Awuni (@Manasseh_Azure) July 3, 2025

Drivers of Inflation Decline

According to Government Statistician, Dr. Alhassan Iddrisu, the recent decline in inflation is due to reduced inflationary pressures. Dr. Iddrisu stated that “For the first time in a while, we are recording a month-on-month deflation of 1.2 percent between May and June, suggesting a real and sustained shift in price levels.”

The GSS data indicated a sharp fall in food inflation, dropping by 6.5 percentage points to 16.3 percent in June. Non-food inflation also saw a decrease, falling to 11.4 percent from 14.4 percent.

While the national trend is positive, variations persist across regions, and some areas still face higher inflation rates. As a comparison, the World Bank projects global inflation to average 3.5 percent in 2024 (World Bank).

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