The Ghana Statistical Service (GSS) has urged households and businesses to use the current low inflation environment to strengthen financial resilience, increase efficiency, and prepare for long-term stability.
With inflation falling to 8.0 percent in October 2025, the lowest in four years, Government Statistician Dr. Alhassan Iddrisu said it is the right time for Ghanaians to plan ahead, save, and invest smartly.
“Lower inflation is a signal to plan, budget better, and avoid unnecessary spending,” Dr. Iddrisu said, adding that stability allows families to rebuild confidence in managing costs.
The GSS urged private sector players to reinvest savings from lower costs into innovation, local sourcing, and partnerships.
“Businesses should cut waste, strengthen ties with local suppliers, and pass cost savings to consumers where inputs are cheaper,” Dr. Iddrisu advised.
The service noted that locally produced goods saw inflation fall to 8.0 percent, while imported items rose slightly to 7.8 percent, reflecting stable global prices and improving domestic supply chains.
Dr. Iddrisu called on government to sustain policies that promote food stability, including investments in irrigation, storage, and transportation, to prevent future shocks.
He also urged efforts to close the regional inflation gap, with rates ranging from 1.1 percent in Bono East to 17.3 percent in North East.
Economic analysts agree that Ghana’s inflation moderation could lower borrowing costs, strengthen consumer confidence, and improve purchasing power heading into 2026.
“This is the best opportunity for households to save and for firms to expand sustainably,” the Statistician added.
