Ghana’s year-on-year inflation slowed to 11.5% in August 2025, down from 12.1% in July, marking the eighth consecutive monthly decline and the lowest rate recorded in four years.
According to data released by the Ghana Statistical Service (GSS), the downward trend was driven by easing food and non-food prices, reflecting a steady decline in the pressures that have fueled inflation in recent months.
Government Statistician Dr. Alhassan Iddrisu said the figures indicate that inflationary pressures are steadily easing, offering some relief to households and businesses. On a month-to-month basis, the general price level dropped by 1.3% between July and August, signaling a slowdown in the cost of living.
Food inflation, which has been a key driver of price increases, fell to 14.8% in August from 15.1% in July. Non-food inflation also dipped to 8.7% from 9.5% in the previous month.
The report further showed that locally produced goods recorded inflation of 12.2%, down from 12.9% in July, while imported goods saw inflation drop to 9.5% from 10.0%.
At the regional level, disparities remain stark. The Upper West Region posted the highest inflation at 21.8%, though down from 24.8% in July, still nearly double the national average. In contrast, the Bono Region recorded the lowest inflation at 6.1%, reflecting relatively stable price conditions.
With inflation at its lowest since 2021, analysts suggest the trend could ease pressure on interest rates and borrowing costs if sustained, while also boosting consumer purchasing power and investor confidence.
