Ghana has hit a single digit inflation, according to the Ghana Statistical Service, well within the government’s +/- 8% target by year end. This announcement was made by Government Statistician Dr. Alhassan Iddrisu who presented an update to the consumer price figures on Wednesday. The month of September 2025 recorded a sharp decline in the general price of consumer goods and services of 9.4 percent from 11.5 percent in August year-on-year, marking the ninth consecutive drop in inflation and the lowest since August 2021. The national statistics bureau noted, the inflation drop from 23.8% in December 2024 to 9.4% in September 2025 “shows a sustained shift prices that signals Ghana is firmly on the path to macroeconomic stability”, with Dr. Iddrisu further noting the declining pressures driving inflation over the past months.

Food inflation hitherto was a major driver of high inflation in Ghana however saw a decline of 11% in September from 14.8%, still above the national average but the decline has shown remarkable progress owing to the glut in food stuffs this season. Non-food inflation also fell from 8.2% in September from 8.7% in August. The decline in the year-on-year inflation as of September 2025 represents a 2.1 percentage point drop from the August figures, and 14.4 percentage points drop December 2024 inflation of 23.8%.

Meanwhile, inflation for locally produced items continue to run parallel with each other due to factors such as the cost of transportation and price margin of middle men as September recorded a drop from 12.2 percent to 10.1 percent, yet that for imported saw a single-digit drop from 9.5 percent to 7.4 percent in September. In the regions, though, North East Region posted the highest inflation of 20.1% which is more than double the national average. Upper West Region follows with the second highest inflation of 14.9% then Western North Region at 12.2%. Bono East Region on the other hand has the lowest inflation in the entire country with a rate of 1.2%. Greater Accra Region registered an inflation of 7.7%.

To sustain the single-digit gain, however, the GSS recommended that government should remain on course with its fiscal disciple while providing necessary incentives to driving food prices further download, and “tackle regional disparities”. For households, it behooves on them to “take advantage of the falling inflation to plan ahead” by embarking on cost cutting measures such as shopping in bulk for food items and avoid impulse buying. Businesses have been urged to use the period of disinflation to improve competitiveness by investing in efficiency and local supply chains; cut waste, strengthen sourcing from local producers and reposition to grow as the economy stabilises, and pass on the cost savings to consumers.