By Prince Ahenkorah
Ghana has recorded a historic milestone in its economic recovery as the year-on-year inflation for September 2025 dropped sharply to 9.4 percent, down from 11.5 percent in August.
This marks not only the lowest inflation rate since August 2021 but also the first time in four years that the country has seen inflation fall into single-digit territory.
According to data released by the Ghana Statistical Service (GSS), the September figure represents the ninth consecutive month of decline, confirming a sustained downward trend in consumer prices.
The Government Statistician, Dr. Alhassan Iddrisu, attributed the decline to easing pressures on both food and non-food categories, noting that the broader economy is beginning to experience relief from the supply and demand shocks that have fueled inflation in recent years.
“The latest figures point to a moderation in the factors that have kept inflation elevated. This suggests that the policies and interventions put in place are beginning to yield tangible results,” he said.
Food inflation, which has historically been one of the major drivers of overall inflation, fell markedly to 11.0 percent in September from 14.8 percent in August.
Similarly, non-food inflation also declined, moving from 8.7 percent in August to 8.2 percent in September.
Breaking down the figures further, the GSS report showed that inflation for locally produced items slowed to 10.1 percent in September, compared to 12.2 percent in August.
Imported items, on the other hand, registered an even lower rate of 7.4 percent in September, down from 9.5 percent in the previous month.