The Ghana Statistical Service (GSS) is urging businesses to increase local sourcing of inputs particularly in food, packaging and logistics reducing their exposure to global supply chain disruptions as inflationary pressures continue to ease.
According to the June 2025 Consumer Price Index (CPI) release, inflation for locally produced goods declined faster than that of imported ones.
Year-on-year inflation for local items dropped to 14 percent in June from 19.2 percent in May, while imported items declined to 12.5 percent from 16.4 percent over the same period. On a monthly basis, the general price level of local items fell by 1.1 percent compared to 1.8 percent for imported goods.
This signals an opportunity for firms to realign procurement strategies in favour of domestic supply chains, which are currently more stable and cost-effective amid global uncertainty.
Businesses can reduce exposure to global supply shocks by increasing local sourcing, especially for food, packaging and logistics inputs, the Government Statistician Dr Iddrisu Alhassan stated.
This advice comes at a time when headline inflation has dropped for the sixth consecutive month, down to 13.7 percent in June 2025 from 18.4 percent in May and marking the lowest rate since December 2021. Month-on-month inflation declined by 1.2 percent, indicating deflation in the general price level between May and June.
GSS is also calling on businesses to avoid sharp price increases despite recent challenges, noting that consumers are increasingly price-sensitive in the current environment of easing inflation.
With disinflation and even month-on-month deflation, businesses could practice strategic pricing not sharp increases as consumers are more price-sensitive, he emphasised.
Advice for households
In addition to guidance for businesses, GSS offered practical tips to households on managing spending during the current inflation trend.
With food inflation still contributing 7 percentage points to the 13.7 percent headline rate, households are advised to lean into bulk purchases of staples, prioritise local produce and consume more in-season vegetables, cereals and proteins, which have seen sharper price drops.
He also encouraged households to adopt energy-saving practices, particularly as electricity and rent continue to be among the top drivers of inflation.
Government
To sustain the current disinflation trend, GSS called on government to stay the course with fiscal consolidation and targetted investments. These include strengthening transport infrastructure, irrigation systems, food storage facilities and market linkages especially in northern parts of the country where food-related inflation remains high.
Dr Alhassan also urged government to tailor social protection and economic policies by region, rather than using blanket solutions.
He further highlighted a need to expand targetted LEAP support, NHIS outreach and school feeding programmes in high-inflation regions; such as Upper West, which recorded a 32.3 percent inflation rate more than double the national average.
Blanket policies will not be effective given wide regional disparities in inflation. Tailored support and price monitoring are needed in high-inflation areas, he noted, stressing the importance of coordinated efforts across households, businesses and government to lock-in the gains and build resilience against future shocks.