Ghana’s inflation rate has dropped to 8 percent, the lowest in more than four years, as food prices continue to ease across major markets, according to the Ghana Statistical Service (GSS).
Releasing the Consumer Price Index (CPI) data on Wednesday, November 5, 2025, the GSS said the figure marks a 1.4 percentage point decline from the 9.4 percent recorded in September, extending the country’s tenth consecutive month of disinflation.
Food, utilities, and transport drive decline
Government Statistician Dr. Iddrisu Alhassan attributed the continued drop in inflation to coordinated fiscal and monetary policy measures aimed at stabilising the economy.
“For the first time since June 2021, Ghana has achieved single-digit inflation. This means the rate at which prices of goods and services are rising has slowed significantly,” Dr. Alhassan told journalists at a press briefing in Accra.
He said reductions in food, transport, and housing costs — which directly affect household spending — were the biggest contributors to the fall.
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Local foods top price influencers
According to the GSS report, several traditional Ghanaian dishes and ingredients, including fufu, kenkey, smoked herring, yam, cassava, and vegetable oil, were among the top 20 items influencing price changes in October.
Other items such as charcoal, electricity, and re-sold tap water also played a role, reflecting broader relief across household expenditure categories.
Economic outlook
Inflation peaked at 23.8 percent in December 2024 but has steadily declined throughout 2025, signalling growing stability in Ghana’s macroeconomic environment.
Dr. Alhassan noted that while the drop is encouraging, maintaining single-digit inflation will depend on continued discipline in fiscal spending, supply chain efficiency, and sustained food price stability.
“Food remains the largest driver of inflation in Ghana, so ensuring consistent supply and fair pricing will be key to keeping inflation within target,” he said.
