Ghana’s headline inflation slowed to 11.5% in August 2025, down from 12.1% in July, according to the Ghana Statistical Service (GSS). This marks the eighth consecutive month of decline and places inflation below the government’s year-end target of 11.9%, signaling improved price stability.
The August rate is the lowest in nearly four years, with month-on-month figures showing a 1.3% drop in overall prices, easing cost-of-living pressures for households.
Presenting the data on Wednesday, September 3, Government Statistician Dr. Alhassan Iddrisu said food inflation fell to 14.8% from 15.1% in July, with food prices dropping 2.5% during the month. Non-food inflation also moderated to 8.7%, down from 9.5%, while goods inflation slipped to 13.9% from 14.2%.
Imported inflation declined faster than local inflation, supported by a stronger cedi and easing global cost pressures. However, GSS noted that regional disparities remain, driven by transportation costs and supply challenges.
Analysts say the latest figures will boost confidence in government’s economic management but caution that sustaining growth and creating jobs remain critical challenges.
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