Ghana's inflation rate falls to 11.5% in August, prices drop by 1.3%

Accra ,September 3,2025 - Ghana's inflation rate has dropped to 11.5% in August, surpassing the government's end-year target of 11.9%. According to the Ghana Statistical Service, this marks the eighth consecutive month of decline and is the lowest rate recorded in almost four years.

Government Statistician Alhassan Iddrisu announced on September 3, 2025, that Ghana's food inflation rate decreased to 14.8% in August, down from 15.1% in July. This decline was accompanied by a 2.5% drop in food prices within the month. Additionally, non-food inflation slowed to 8.7% in August, compared to 9.5% in July, with a slight 0.1% decrease in prices. This data indicates a steady drop in inflation, with the overall rate reaching 11.5% in August, beating the end-year target of 11.9%. The Ghana Statistical Service attributes this moderation to a stronger cedi and lower global cost pressures.

The Upper West Region recorded the highest inflation rate at 21.8%, while the Central Region registered the lowest at 8.9%.Overall prices fell by 1.3% between July and August 2025, offering some respite from prolonged cost-of-living hardships.

Dr. Alhassan Iddrisu also attributed the decline to a broad-based deceleration in prices across both food and non-food categories. He urged the government to remain committed to its fiscal consolidation program to achieve single-digit inflation by the end of the year.

The significant drop in inflation is expected to provide relief to households and businesses across the country. With inflation below the government's target four months ahead of schedule, the economy is showing signs of price stability and predictability. However, regional disparities in inflation rates highlight the need for targeted interventions to address localized economic challenges.

Source – Lead News Online/Leticia Okpoti