Headline Inflation Hits Single-Digit With 9.4% Rate in September 2025
Ghana’s headline inflation rate fell sharply to 9.4% in September, down from 11.5% in August 2025, marking the ninth consecutive monthly decline and the lowest level since August 2021. It is also the first time in four years that inflation has eased into single digits.
The latest data from the Ghana Statistical Service (GSS) suggests a sustained disinflationary trend, signalling progress towards macroeconomic stability after years of price volatility.
Government Statistician, Dr. Alhassan Iddrisu, said the figures point to easing price pressures that had dominated much of the past two years. “The development shows that the drivers of inflation are beginning to recede,” he noted.
Food inflation fell to 11.0% in September from 14.8% in August, while non-food inflation edged down to 8.2% from 8.7% in the previous month. Prices of locally produced items declined to 10.1%, compared with 12.2% in August, while imported inflation moderated to 7.4% from 9.5%.
Regional disparities, however, remain stark. The North East Region posted the highest inflation rate at 20.1%, more than double the national average, while Bono East recorded the lowest at just 1.2%.
The September inflation figure reinforces expectations that Ghana is consolidating gains under its fiscal and monetary adjustment programme, with analysts noting that sustained single-digit inflation could boost investor confidence and reduce domestic borrowing costs.
