.The report reveals that Ghana’s food inflation rate hit 28.3% in December 2024, the highest in its category within the African region. Egypt followed with 20.8%, while Zambia took third place with 19.2%.){kind=link}
Ghana has been ranked as the country with the highest food inflation among lower middle-income nations in Africa, according to the World Bank’s Food Security Update (February 2025).
The report reveals that Ghana’s food inflation rate hit 28.3% in December 2024, the highest in its category within the African region. Egypt followed with 20.8%, while Zambia took third place with 19.2%.
The World Bank noted that food price inflation remains moderately high worldwide, especially in low- and middle-income countries. Based on data collected between October 2024 and January 2025, the report highlighted:
• 73.7% of low-income countries had food inflation above 5%
• 52.2% of lower-middle-income countries recorded similar trends
• 38% of upper-middle-income countries also faced high food inflation
• 5.6% of high-income countries saw rising food prices, though at a lower rate
Additionally, the World Bank stated that in 56% of the 164 countries analyzed, food inflation outpaced overall inflation, worsening the cost-of-living crisis for many households.
Beyond consumer inflation, the World Bank also reported that since its January 2025 update, global agricultural and export price indices have climbed, increasing by 3% and 6%, respectively.
The 28.3% food inflation rate underscores the worsening food security situation in Ghana. Rising food prices strain household budgets, particularly for low-income families, and could contribute to economic hardship if urgent measures are not taken.