Inflation Falls to 11.5% in August, Beats Government Target
Ghana’s headline inflation dropped to 11.5 percent in August 2025, down from 12.1 percent in July, according to new data released by the Ghana Statistical Service (GSS).
The figure marks the eighth straight month of decline, pushing inflation below the government’s year-end target of 11.9 percent and signaling stronger price stability in the economy. It is also the lowest rate recorded in nearly four years.
On a month-to-month basis, consumer prices fell by 1.3 percent, providing some relief for households struggling with the rising cost of living in recent years.
Government Statistician, Dr. Alhassan Iddrisu, speaking at a press briefing on Wednesday, September 3, said food inflation slowed to 14.8 percent in August from 15.1 percent in July, with food prices dropping by 2.5 percent. Non-food inflation also eased, recording 8.7 percent compared to 9.5 percent in July, with prices dipping slightly by 0.1 percent.
Inflation for goods declined to 13.9 percent from 14.2 percent in the previous month, with prices falling by 1.6 percent overall. Imported inflation dropped faster than locally produced inflation, supported by a stronger cedi and easing global cost pressures.
Despite the national slowdown, inflation rates differed significantly across regions, reflecting variations in supply, transport costs, and local market conditions. Analysts caution that these disparities should be monitored carefully to ensure balanced progress in stabilizing prices nationwide.
Economists say the latest figures are likely to boost confidence in the government’s economic management, though challenges remain with regard to sustaining growth and creating jobs.
