Economist and Senior Lecturer at the University of Ghana Business School, Prof. Patrick Asuming, has urged government to increase investment in irrigation infrastructure as a long-term strategy to maintain Ghana’s single-digit inflation.
Speaking in an interview with Peace FM, Prof. Asuming explained that strengthening the country’s irrigation systems would guarantee year-round water supply for farmers and stabilize food production regardless of seasonal changes.
“If we invest more in irrigation, our farmers will be able to produce food all year round, not just during the rainy season. This will help ensure that when we enter the harvest season, prices remain stable and inflation does not shoot up,” he stated.
Ghana’s inflation dropped to 8.0% in October 2025 the lowest level since June 2021 continuing a ten-month streak of decline. According to the Ghana Statistical Service, the figure represents a 1.4 percentage point fall from September’s 9.4% and a sharp improvement from the 23.8% recorded in December 2024.
The data also showed a 0.4% drop in month-on-month inflation, reflecting a modest reduction in prices across major consumer categories.
Prof. Asuming noted that government must also focus on maintaining exchange rate stability to prevent price volatility. “Continuous stability of the cedi is critical. If the cedi remains strong, it will help prevent imported inflation, especially on food products,” he emphasized.
He further called on the Bank of Ghana to sustain its interventions in support of a stable exchange rate and urged policymakers to channel more resources into agricultural investment.
“More money should be pumped into food crop production. The more we produce locally and reduce our dependence on the weather, the more stable our food prices will be,” Prof. Asuming added.
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