Ghana’s inflation rate has dropped to 8.0% in October 2025, the lowest level since June 2021, extending a steady decline for the tenth consecutive month. According to the Ghana Statistical Service, the latest data shows a 1.4 percentage point fall from the 9.4% recorded in September, and a sharp improvement from the 23.8% rate recorded in December 2024, underscoring the continued easing of price pressures in the economy.
The month-on-month inflation also fell by 0.4%, indicating a modest decline in general price levels across major consumer categories. Speaking at a press briefing in Accra, Government Statistician Dr. Iddrisu Alhassan said the sustained decline in inflation reflects the impact of consistent monetary and fiscal measures aimed at stabilizing prices and strengthening the economy.
“For the first time since June 2021, Ghana has achieved single-digit inflation,” Dr. Alhassan noted. “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.“
He also noted that food is the largest contributor to inflation. Economists view the return to single-digit inflation as a positive signal for investor confidence and consumer purchasing power, though, caution that maintaining the trend will depend on global commodity prices, exchange rate stability, and prudent fiscal management.
