Ghana Achieves 8% Inflation in October — Lowest Since 2021
Price growth slows for the tenth straight month as Ghana posts first single-digit inflation since 2021
- Inflation drops to 8.0%, lowest since June 2021
- Marks 10th consecutive monthly decline
- Economists urge caution to sustain price stability
Ghana’s inflation rate has fallen to 8.0% in October 2025, marking the country’s first return to single-digit inflation since June 2021. This milestone represents a significant economic turnaround after years of high price pressures.
According to the Ghana Statistical Service (GSS), inflation dropped by 1.4 percentage points from 9.4% in September, continuing a ten-month streak of decline. The new figure also reflects a dramatic improvement from 23.8% in December 2024, signaling effective fiscal and monetary policies.
At a press conference in Accra, Government Statistician Dr. Iddrisu Alhassan credited the achievement to sustained policy measures aimed at stabilising the cedi, tightening money supply, and curbing food price volatility.
“For the first time in more than four years, Ghana has achieved single-digit inflation. This shows that price increases have slowed significantly,” Dr. Alhassan stated. He added that food, transport, and housing costs—major household spending areas—had all eased during the period.
Economists have hailed the development as a boost for investor confidence and household welfare, but warned that exchange rate volatility and global commodity prices could test the country’s ability to sustain this progress.
