Ghana’s progress towards price stability — with year-on-year inflation decreasing to 9.4% in September 2025 — was complemented by a specific set of recommendations from the Ghana Statistical Service (GSS) aimed at solidifying these achievements.
In a presentation to stakeholders, Government Statistician Dr. Alhassan Iddrisu outlined clear actions for households, businesses, and the government to maintain disinflation and foster a sustainable economic recovery.
For households, the advice is straightforward and practical: “take advantage of the declining inflation to plan for the future” — in essence, budget wisely, refrain from unnecessary expenditures, and attempt to save even modest amounts to create buffers against potential future shocks.
This guidance is intended to safeguard real incomes now that headline inflation has subsided and to mitigate household vulnerability in the event of another price surge.
To the private sector, the GSS encouraged companies to utilize the disinflation period to enhance their competitiveness.
The presentation urges businesses to “invest in efficiency and local supply chains while inflation remains low,” to “reduce waste, enhance sourcing from local producers, and reposition themselves for growth as the economy stabilizes,” and to “transfer cost savings to consumers when inputs are less expensive to build trust and competitiveness.”
These strategies would assist firms in securing margin improvements, decreasing import dependency, and bolstering consumer demand as inflation declines.
On the public policy front, the GSS established clear supply-side and fiscal priorities: “Maintain fiscal discipline,” “concentrate resources on keeping food prices low by enhancing storage, irrigation, and transport,” and “address regional disparities.”
The GSS contends that executing these measures is crucial to averting a reversal of the recent disinflation and ensuring that price reductions translate into broader economic benefits, including heightened investor confidence.
