Ghana’s headline inflation eased further to 11.5% in August 2025, down from 12.1% in July, the Ghana Statistical Service (GSS) has reported.
This marks the eighth consecutive month of decline and brings inflation below the government’s end-of-year target of 11.9%, signaling stronger price stability.
The August figure is the lowest recorded in almost four years. Month-on-month, overall prices actually fell by 1.3%, offering households some respite from prolonged cost-of-living pressures.
Dr. Alhassan Iddrisu, the government statistician, in his address on Wednesday, September 3, 2025, noted that food inflation slowed to 14.8% in August from 15.1% in July, with food prices dropping by 2.5% within the month. Non-food inflation also moderated to 8.7%, compared to 9.5 % in July, with prices falling slightly by 0.1%.
Inflation for goods declined to 13.9% from 14.2% in July, with overall prices of goods falling by 1.6%.
Imported inflation eased faster than local inflation, supported by a stronger Cedi and lower global cost pressures.
Despite the national decline, inflation varied sharply across regions due to differences in supply, transportation costs, and local economic dynamics.
Analysts warn that these disparities must be closely monitored to ensure no part of the country is left behind in the disinflation process.
The latest figures are expected to boost confidence in the government’s economic management, even as concerns persist about growth momentum and job creation.
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