Ghana’s inflation rate fell to 8.0% in October 2025, marking the lowest level since June 2021 and extending a consistent decline for the tenth straight month.
New figures from the Ghana Statistical Service show inflation dropping by 1.4 percentage points from the 9.4% recorded in September.
The latest numbers also represent a dramatic shift from December 2024, when inflation stood at 23.8%, highlighting a sustained slowdown in price growth across the economy.
Month-on-month inflation edged down by 0.4%, signalling continued moderation in price increases across key consumer categories.
Speaking in Accra, Government Statistician Dr Iddrisu Alhassan credited the progress to steady macroeconomic management.
“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,” Dr Alhassan said.
According to him, easing pressures were recorded across food, transport, and housing sectors that heavily influence household living costs.
“We’ve seen improvements across food, transport, and housing categories, key indicators of household welfare,” he added, noting that food remains the biggest contributor to inflation.
Economists say the return to single-digit inflation signals renewed confidence in Ghana’s economic trajectory. They caution, however, that sustaining the trend will depend on exchange rate stability, disciplined fiscal policy, and global commodity price conditions.
Ghana’s inflation turnaround arrives at a time when businesses and consumers are seeking relief from years of elevated price pressures.
A stable inflation path is expected to boost purchasing power, support investment decisions, and strengthen the broader economic recovery.
