…Food Prices Fall, Wallets Breathe
By Prince Ahenkorah
Ghana’s inflation rate has fallen to 8.0% in October 2025, marking the lowest level since June 2021 and continuing a steady downward trend for the tenth consecutive month.
The latest figures, released by the Ghana Statistical Service (GSS), show a 1.4 percentage point drop from the 9.4% recorded in September, and a significant improvement compared to the 23.8% rate posted in December 2024.
The month-on-month inflation also saw a modest fall of 0.4%, suggesting that the prices of key consumer goods and services have continued to decline across several major expenditure categories.
At a press briefing in Accra, Government Statistician, Dr. Iddrisu Alhassan, attributed the steady decline in inflation to a combination of sound monetary policies by the Bank of Ghana, disciplined fiscal management, and stabilizing trends in the exchange rate and food supply.
“For the first time in over four years, Ghana has returned to single-digit inflation. This means that the pace at which prices of goods and services are increasing has slowed significantly,” Dr. Alhassan explained.
“We’ve seen improvements across food, transport, and housing categories, areas that directly affect the daily lives of households”
According to the GSS, food inflation recorded a notable drop, driven largely by improved domestic food production and relatively stable prices in major markets across the country. Non-food inflation, including housing, utilities, transport, and education, also showed moderation, reflecting better cost control and market stability.
Economic analysts have described the development as a major milestone in Ghana’s recovery efforts, noting that a single-digit inflation rate boosts consumer confidence, reduces business uncertainty, and creates a more predictable investment climate.
However, experts have also cautioned against complacency. They warn that sustaining this progress will require continued fiscal discipline, exchange rate stability, and effective management of external shocks, such as fluctuations in global oil and commodity prices.