Finance

Inflation hits 23.6% for April, highest since 2004

The Ghana Statistical Service has announced that the consumer price inflation for April this year reached 23.6 percent from an earlier 19.4 percent recorded in March this year.

This makes it one of the highest inflation rates recorded in the country since January 2004 – some 18 years ago.

According to the GSS, the main drivers of the inflation were transportation which recorded 33.5 percent up from 17.4 percent recorded in March this year.

Another driver for the hike was food prices which went up by 26.6 percent from 22.4 percent in March this year.

Also, non-food inflation climbed to 21.3 percent from 17 percent in March while consumer prices rose by 5.1 percent on a monthly basis.

Government Statistician, Professor Samuel Kobina Annim addressing the journalists on Wednesday May 11 said, “We were all expecting the diesel increases, and these are imported items.”

“But we need to look at it from the food and non-food perspective if we want policy to get a hold of the challenges we are having,” he added.

See the figures as presented by GSS below:

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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