Ghana returns to single-digit inflation

Ghana’s inflation rate has dropped to 8.0% in October 2025, marking the lowest level since June 2021 and extending a steady decline for the tenth consecutive month.

According to the Ghana Statistical Service (GSS), the latest figures represent a 1.4 percentage point fall from the 9.4% recorded in September, and a sharp improvement from the 23.8% rate in December 2024. The consistent drop underscores the continued easing of price pressures in the economy.

Month-on-month inflation also decreased by 0.4%, signaling a modest decline in general price levels across major consumer categories.

Addressing a press briefing in Accra, Government Statistician, Dr. Iddrisu Alhassan, attributed the sustained drop to effective monetary and fiscal policies implemented to stabilize prices and strengthen the economy.

“For the first time since June 2021, Ghana has achieved single-digit inflation. This means that the rate at which prices of goods and services are increasing has slowed significantly. We’ve seen improvements across food, transport, and housing categories, key indicators of household welfare,” Dr. Alhassan stated.

He emphasized that food remains the largest contributor to overall inflation.

Economists have described the return to single-digit inflation as a positive signal for investor confidence and consumer purchasing power. However, they caution that sustaining this progress will depend on global commodity prices, exchange rate stability, and prudent fiscal management.

Read also…