Dr Iddrisu Alhassan, Government Statistician, has announced that Ghana’s inflation rate has dropped to 8.0% in October 2025.
This drop marks the lowest level since June 2021, continuing a steady decline for the tenth consecutive month.
Ghana Statistical Service, the latest data shows a “01.4 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, “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.”
“We’ve seen improvements across food, transport, and housing categories — key indicators of household welfare”, Dr Alhassan noted.
Dr Iddrisu Alhassan also revealed, food is the largest contributor to Ghana’s inflation.
Meanwhile, in September 2025, Ghana’s consumer price inflation has fallen to a single digit for the first time in four years.
In September 2025, Ghana’s inflation extended a nine-month streak of declines.
Ghana’s September 2025 inflation stands at 9.4% down from 11.5% in August.
The slowdown has been largely driven by a decline in food prices, according to the Ghana Statistical Service.
Also, Ghana’s food inflation has fallen from 14.8% to 11%.
Non-food inflation has also dropped from 8.7% in August to 8.2%.
The continuous drop in inflation has already beaten the government’s full-year target.
The continuous drop in inflation strengthens prospects for monetary policy stability, exchange rate resilience, and improved consumer confidence.
Also, Dr Johnson Asiama, the Governor of the Bank of Ghana, has declared at the IMF/World Bank talks that Ghana’s economy has turned the corner.
The BoG Governor declared that Ghana’s economy is back on track after years of instability.
He described Ghana’s economy as being “back on track” following months of policy discipline.
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Inflation declines for 10th consecutive month as October rate falls to 8.0% from September's 9.4%
— JoyNews (@JoyNewsOnTV) November 5, 2025
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