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Ghana’s Inflation Drops to 12.1% in July 2025 — Lowest Rate in Nearly Four Years
Consumer relief as food and non-food prices fall; Ghana records lowest inflation since October 2021 amid continued economic stability.
- Inflation dropped to 12.1% in July 2025, down from 13.7% in June — the lowest rate since October 2021.
- Food and non-food prices declined
- Upper West Region recorded the highest inflation at 24.8%
Ghana’s inflation rate has continued its steady decline, hitting 12.1% in July 2025—the lowest figure since October 2021.
The drop from June’s 13.7% rate is largely attributed to falling food and non-food prices, according to the Ghana Statistical Service.
Food inflation dipped to 15.1%, while non-food inflation eased to 9.5%.
Despite the national improvement, the Upper West Region still leads with the highest rate at 24.8%, while the Central Region recorded the lowest at 7.7%. The sustained decline could prompt a shift in monetary policy direction.
