Avoid opportunistic pricing, be fair – Gov’t statistician urges businesses
By Solomon Nartey Tetteh
Government Statistician, Dr. Alhassan Iddrisu, has urged businesses to avoid unjustified price hikes as the country’s inflation rate continues to decline.
Headline inflation dropped for the fifth straight month, hitting 18.4 percent in May 2025, down from 21.2 percent in April, the lowest since February 2022.
The decline is largely driven by lower transport costs and easing non-food prices, along with recent gains by the Ghanaian cedi.
Speaking at a press conference in Accra, Dr. Iddrisu cautioned businesses against “opportunistic pricing” and emphasized the need for fair and transparent pricing to build long-term customer trust.
“With disinflation underway, now is the time for businesses to show restraint and focus on sustainability,” he said.
The Government statistician encouraged firms to source inputs locally to cut costs, as domestic inflation is easing faster than imported inflation.
Dr. Iddrisu urged businesses to tailor pricing strategies to regional differences, noting the Upper West Region’s inflation rate stands at 38.1%, the highest in the country.
To help households cope, he recommended cutting non-essentials, using the National Health Insurance Scheme, and buying local, seasonal foods to reduce spending, as food inflation remains the main driver.
The Government Statistician also called for macroeconomic stability, better post-harvest infrastructure, and stronger social protection programs, urging close collaboration between the Ministry of Finance and the Bank of Ghana to monitor inflation risks and respond appropriately.
