Ghana’s inflation rate has finally dropped into single digits for the first time since 2021, signaling a turning point in the country’s economic recovery.
The Ghana Statistical Service (GSS) reports that consumer price inflation slowed to 9.4% in September 2025, down from 11.5% in August. This marks the ninth consecutive month of decline, with food and non-food items both recording slower price growth.
Food inflation eased to 11% in September from 14.8% in August, while non-food inflation dipped slightly to 8.2% from 8.7% the previous month.
The sustained moderation in prices means the government’s full-year inflation target has already been surpassed, offering relief to households burdened by years of high living costs and giving businesses room for stability in planning.
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Economists say this trend strengthens the outlook for monetary policy stability, exchange rate resilience, and improved consumer confidence in the final quarter of the year.
The last time Ghana experienced single-digit inflation was in August 2021, before a surge in global and domestic price shocks pushed rates higher.
