CEO of Dalex Finance, Joe Jackson
Following the notable drop in inflation last month, many Ghanaians celebrated, believing that the recorded 13.7% rate would lead to a reduction in the cost of goods and services.
In recent months, prices of items such as rice and cooking oil have declined, prompting praise for the Mahama government for its strategic efforts to tame the high inflation rates experienced in prior years.
However, the Chief Executive Officer of Dalex Finance, Joe Jackson, has cautioned that while inflation has eased to 13.7%, it does not automatically translate to lower prices.
According to him, the drop in inflation offers hope, but it’s not a miracle, and Ghanaians should continue to spend wisely.
He pointed out that kenkey remains expensive, urging citizens to plan smartly to avoid financial hardship.
In a post on X sighted by GhanaWeb Business, Joe Jackson said; “Inflation drops to 13.7%… Hurray! But wait… before you celebrate like you’ve won the lottery, remember: Your Kenkey is still expensive Plan smart, Spend wisely, This drop is hope, not magic. Let’s chop with sense and save for the future.”
Ghana’s year-on-year inflation rate for June 2025 fell significantly to 13.7%.
This marked the sixth consecutive monthly decline and the lowest level since December 2021.
Government Statistician, Dr Alhassan Iddrisu, attributed the reduction to easing inflationary pressures that had impacted the economy in recent months.
Food inflation dropped by 6.5 percentage points to 16.3%, down from 22.8% in May, while non-food inflation eased to 11.4%, compared to 14.4% previously.
SA
Ever heard of Nkofie, the legendary Kwahu cave believed to grant wishes? Join GhanaWeb‘s People & Places as they take you on an exclusive tour of this mystical site on GhanaWeb TV:
