Ghana’s inflation rate dropped sharply to 9.4 percent in September 2025, the lowest level recorded since August 2021, marking the ninth consecutive month of decline, according to the Ghana Statistical Service (GSS).
The year-on-year inflation eased from 11.5 percent in August, a development described by the Government Statistician, Dr. Alhassan Iddrisu, as a sign of sustained price stability and reduced inflationary pressures in the economy.
“September inflation marks the lowest we have seen in four years, underscoring a firm shift toward macroeconomic stability,” Dr. Iddrisu said.
Food inflation dropped to 11.0 percent in September from 14.8 percent the previous month, while non-food inflation also fell slightly to 8.2 percent from 8.7 percent in August.
The GSS data further revealed that inflation for locally produced items eased to 10.1 percent in September from 12.2 percent in August, while imported goods recorded a lower rate of 7.4 percent, compared to 9.5 percent the previous month.
The North East Region posted the highest regional inflation rate at 20.1 percent, more than double the national average, while Bono East registered the lowest at just 1.2 percent.
Importantly, the continued decline in inflation strengthens Ghana’s outlook for monetary stability, with implications for interest rates, household purchasing power, and business planning.
However, regional disparities highlight persistent structural imbalances in price levels across the country.
