Ghana’s headline inflation further decreased to 11.5% in August 2025, down from 12.1% in July, as reported by the Ghana Statistical Service (GSS).
This represents the eighth consecutive month of decline and brings inflation below the government’s target of 11.9% for the end of the year, indicating improved price stability.
The figure for August is the lowest recorded in nearly four years. On a month-to-month basis, overall prices decreased by 1.3%, providing households with some relief from ongoing cost-of-living challenges.
Dr. Alhassan Iddrisu, the government statistician, stated in his address on Wednesday, September 3, 2025, that food inflation decreased to 14.8% in August from 15.1% in July, with food prices falling by 2.5% during the month. Non-food inflation also eased to 8.7%, down from 9.5% in July, with prices slightly declining by 0.1%.
Inflation for goods fell to 13.9% from 14.2% in July, with overall prices of goods decreasing by 1.6%.
Imported inflation declined more rapidly than local inflation, aided by a stronger Cedi and reduced global cost pressures.
Despite the national decrease, inflation showed significant variation across regions due to differences in supply, transportation costs, and local economic conditions. Analysts caution that these disparities need to be closely observed to ensure that no region is overlooked in the disinflation process.
The latest statistics are anticipated to enhance confidence in the government’s economic management, even as concerns about growth momentum and job creation continue.
