Ghana’s consumer inflation eased further in September, dropping to 9.4% from 11.5% in August, its lowest level since August 2021, according to data released by the Ghana Statistical Service (GSS).
The decline marks the ninth consecutive monthly drop in 2025, reinforcing optimism that the country is emerging from its worst economic crisis in decades.
Government Statistician, Dr. Alhassan Iddrisu, attributed the slowdown mainly to easing food prices. “The steady drop in inflation shows a sustained shift in prices that signals Ghana is firmly on the path to macroeconomic stability,” he told reporters in Accra.
Food inflation fell sharply to 11.0% in September from 14.8% the previous month, while non-food inflation edged down to 8.2% from 8.7%.
Locally produced items recorded inflation of 10.1%, down from 12.2%, while imported items fell to 7.4% compared with 9.5% in August.
Despite the national slowdown, regional disparities remained wide. The North East Region recorded the highest inflation at 20.1%, more than double the national average, while Bono East posted the lowest at just 1.2%.
With inflation now in single digits for the first time in four years, the government’s full-year target has already been exceeded.
