Ghana’s inflation rate has decreased to 8.0% in October 2025, marking the lowest point since June 2021, and continuing a consistent decline for the tenth month in a row.
As reported by the Ghana Statistical Service, the most recent figures indicate a 1.4 percentage point decrease from the 9.4% recorded in September, and a significant improvement from the 23.8% rate noted in December 2024, highlighting the ongoing reduction of price pressures within the economy.
Additionally, the month-on-month inflation rate has dropped by 0.4%, suggesting a slight decrease in overall price levels across major consumer categories.
During a press conference in Accra, Government Statistician Dr. Iddrisu Alhassan stated that the persistent decline in inflation is indicative of the effects of ongoing monetary and fiscal policies designed to stabilize prices and bolster the economy.
“For the first time since June 2021, Ghana has achieved single-digit inflation. This signifies that the rate at which the prices of goods and services are rising has significantly slowed down,” Dr. Alhassan remarked.
“We have observed improvements in the food, transport, and housing sectors — crucial indicators of household welfare.”
He also pointed out that food remains the largest contributor to inflation.
Economists regard the return to single-digit inflation as a favorable sign for investor confidence and consumer purchasing power, although they warn that sustaining this trend will rely on global commodity prices, exchange rate stability, and responsible fiscal management.
