Attachments
KEY HIGHLIGHTS
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Ghana’s year-on-year average inflation rate declined for the fourth consecutive month to 41.2 percent. Food inflation reduced to 48.7 percent in April from 50.8 percent in March and non-food inflation decreased from 40.6 percent in March to 35.4 percent in April.
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During the month under review (April 2023), prices of key staples and agricultural inputs witnessed a marginal to significant increase when compared with March 2023,
April 2022, and the five-year average (2018 to 2022). -
Most input prices during the review period observed a monthon-month increase between April 2023 and March 2023, ranging from 1 to 9 percent and 30 to 160 percent when compared with the same period last year and the five-year average.
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Prices of all agricultural commodities monitored during the review period witnessed increases ranging from 3 to 21 percent when compared to the preceding month except for beef and groundnut (red) which recorded no price changes. When compared with the same period last year and the five-year average, all commodities saw increases in prices between 30 and 240 percent.
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The continuous rise in prices of key agricultural staples and inputs and their weakening effects on the purchasing power remains a threat to food security and livelihoods of households in Ghana.