The inflation rate has eased to 11.5% in August 2025, its lowest level in nearly four years, according to figures released by the Ghana Statistical Service (GSS). The latest data shows a further dip from July’s 12.1%, marking the eighth straight month of decline.
The figure also falls below the government’s 2025 end-year target of 11.9%, a milestone officials say reflects easing price pressures after years of strain on households.
Government statistician Dr Alhassan Iddrisu said the sustained slowdown points to “easing pressures on inflation in recent months”. On a month-on-month basis, consumer prices fell by 1.3% between July and August, offering some relief to households still grappling with the high cost of living.
Food inflation – a key driver of overall prices – moderated to 14.8% in August, down from 15.1% the previous month. Non-food inflation also fell to 8.7%, compared to 9.5% in July. Locally produced items saw inflation drop to 12.2%, while imported goods declined to 9.5%, helped by a firmer cedi and lower global costs.
Regional disparities remain, however. The Upper West Region recorded the highest inflation at 21.8%, almost double the national average, though lower than July’s 24.8%. At the other end, the Bono Region posted the lowest at 6.1%.
Although the rate has fallen below the government’s 2025 target, renewed pressures against the cedi and rising fuel prices could threaten the end-year goal.
