Ghana’s annual consumer inflation slowed further in September 2025, falling to 9.4 per cent from 11.5 per cent in August, its lowest level since August 2021, according to the Ghana Statistical Service (GSS).
This marks the ninth consecutive decline this year, consolidating hopes that the country is turning a corner after its most severe economic crisis in decades.
Government Statistician, Dr Alhassan Iddrisu, attributed the drop to easing food prices compared with non-food prices.
“The steady drop in inflation… shows a sustained shift in prices that signals Ghana is firmly on the path to macroeconomic stability,” Dr Iddrisu told a press conference in Accra.
Breakdown of figures
The latest GSS data show that food inflation declined sharply to 11.0 per cent in September from 14.8 per cent in August. Non-food inflation also eased, dropping to 8.2 per cent from 8.7 per cent over the same period.
Inflation for locally produced items fell to 10.1 per cent in September from 12.2 per cent in August, while imported items recorded 7.4 per cent compared with 9.5 per cent the previous month.
Regional disparities
Despite the national easing, inflation trends varied widely across the regions. The North East Region recorded the highest inflation rate at 20.1 per cent, more than double the national average, while Bono East registered the lowest at just 1.2 per cent.