Ghana’s headline inflation rate dropped to 11.5% in August 2025, down from 12.1% the previous month, according to new data released by the Ghana Statistical Service (GSS).
This marks the eighth straight month of decline and brings inflation below the government’s year-end target of 11.9%, indicating a continued trend toward price stability.
The August figure represents the lowest inflation rate recorded in almost four years. On a monthly basis, prices declined by 1.3%, offering a measure of relief to households that have faced persistent cost-of-living challenges in recent years.
Speaking at a press briefing on Wednesday, September 3, Government Statistician Dr. Alhassan Iddrisu reported that food inflation slowed to 14.8% from July’s 15.1%, with food prices falling 2.5% month-on-month. Non-food inflation also declined, easing to 8.7% in August from 9.5% in July, with a slight 0.1% drop in prices.
Inflation for goods fell to 13.9%, down from 14.2% the previous month, while the average prices of goods dipped by 1.6%.
The decline in inflation was more pronounced for imported goods, reflecting the impact of a stronger Ghanaian Cedi and easing global price pressures. Domestic inflation, while also moderating, fell at a slower pace.
However, the report highlighted significant regional differences in inflation levels, influenced by local supply conditions, transportation costs, and varying economic factors.
Analysts have cautioned that these disparities should be closely monitored to ensure balanced disinflation across the country.
The continued decline in inflation is expected to boost public and investor confidence in the government’s economic policies, even as questions remain about the pace of economic growth and job creation.
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