Ghana’s inflation drops to 11.5% in August, lowest in nearly four years

Government Statistician Dr. Alhassan Iddrisu

Ghana’s headline inflation dropped to 11.5% in August 2025, down from 12.1% in July, the Ghana Statistical Service (GSS) has reported.

This marks the eighth consecutive month of decline, bringing inflation below the government’s 11.9% end-of-year target and signaling improved price stability. The August figure is the lowest recorded since late 2021. On a month-to-month basis, overall prices fell by 1.3%, providing some relief for households after years of elevated living costs.

Addressing the press on Wednesday, September 3, Government Statistician Dr. Alhassan Iddrisu explained that food inflation eased to 14.8% in August from 15.1% in July, with food prices declining by 2.5% within the month. Non-food inflation also slowed to 8.7% from 9.5%.

Inflation for goods dropped to 13.9% from 14.2%, while imported inflation fell faster than local inflation, supported by a stronger cedi and easing global cost pressures.

Dr. Iddrisu noted, however, that inflation varied across regions, reflecting differences in supply chains, transport costs, and local market conditions.

Source: AdomOnline

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