The contraction contrasts with prior monthly increases averaging 0.7% between February and May 2025.

The decline represents the most significant deflationary movement since August 2024’s 0.7% drop. Statistical Service analysts noted the shift coincides with sustained currency stability during Q2 2025, contrasting with previous volatile periods. Reduced global oil prices and transportation costs contributed to the trend according to Ministry of Energy reports.

Concurrently, year-on-year inflation reached 13.7% – below 14% Treasury bill yields for the first time in three years. Central bank reserves remain stable while core inflation continues gradual easing, indicating potential monetary policy flexibility under the Mahama administration.

The data emerges within Ghana’s broader economic recalibration following 2024 fiscal reforms.