Ghana’s headline inflation rate dropped to 11.5% in August 2025, down from 12.1% in July, according to the latest data released by the Ghana Statistical Service (GSS).
This marks the eighth consecutive month of decline, bringing inflation below the government’s 11.9% end-of-year target and signaling renewed price stability after years of high living costs. The August figure is the lowest recorded since late 2021.
On a month-to-month basis, prices fell by 1.3%, offering some respite to households and businesses that have long grappled with steep costs of goods and services.
Food and Non-Food Prices Ease
Speaking at a press briefing on Wednesday, September 3, Government Statistician Dr. Alhassan Iddrisu explained that food inflation slowed to 14.8% in August from 15.1% in July, with food prices falling by 2.5% during the month.
Non-food inflation also dropped to 8.7%, compared to 9.5% in July. Inflation for goods moderated to 13.9% from 14.2%, while imported inflation fell at a faster pace than locally produced goods — a trend supported by a stronger cedi and easing global cost pressures.
Regional Variations Persist
Dr. Iddrisu emphasized that inflation continues to vary significantly across regions, largely due to differences in supply chains, transport costs, and local market conditions.
The decline in inflation is expected to boost consumer confidence and ease pressure on monetary policymakers as the government works to consolidate economic stability ahead of 2026.
Source – My News Ghana
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