Ghana’s year-on-year inflation rate has dropped sharply to 8% in October 2025, down from 9.4% in September, marking the tenth consecutive month of decline.
According to the Ghana Statistical Service, this is the lowest inflation rate recorded since June 2021.
Addressing journalists virtually, Government Statistician Dr. Alhassan Iddrissu said food and non-alcoholic beverages were the main drivers of inflation during the month.
He stated, “Ghana’s year-on-year inflation stood at 8% in October 2025, down from 9.4% in September 2025, and well below the 23.8% recorded at the end of 2024.
This means that on the average, prices of goods and services in October 2025 were 8% higher than in October 2024.”
Dr. Iddrissu emphasized that the sustained drop shows significant economic progress, noting, “The cedis from 23.8% last December to 8% today shows that Ghana is firmly on the path towards macroeconomic stability.”
He further explained that the month-on-month inflation for October was negative 0.4%, meaning “on the average, prices fell by 0.4% between September and October 2025.”
“So the vector chart is very clear that inflation is trending downwards, both year-on-year and month-on-month, confirming that price growth is slowing across most categories,” he added.
Source: Starrfm.com.gh
