By: Kenneth Appiah Bani
Ghana’s year-on-year inflation for September 2025 has dropped sharply to 9.4 percent, down from 11.5 percent recorded in August, marking the country’s lowest inflation rate since August 2021. This also represents the ninth consecutive monthly decline and, notably, the first time in four years that inflation has returned to single digits.
According to the latest data released by the Ghana Statistical Service (GSS), the decline reflects a sustained easing of price pressures, signaling that Ghana is steadily moving towards macroeconomic stability.
The Government Statistician, Dr. Alhassan Iddrisu, attributed the development to declining pressures that had fueled inflation in recent months, describing the downward trend as a significant milestone for the economy.
Food inflation, which has been a major driver of rising prices, eased to 11.0 percent in September compared to 14.8 percent in August. Non-food inflation also dropped slightly to 8.2 percent from 8.7 percent the previous month.
Inflation for locally produced items stood at 10.1 percent in September, down from 12.2 percent in August, while imported goods recorded an inflation rate of 7.4 percent, compared to 9.5 percent the month before.
Despite the national average of 9.4 percent, regional disparities remain stark. The North East Region registered the highest inflation at 20.1 percent, more than double the national figure. On the other end, the Bono East Region recorded the lowest inflation at just 1.2 percent, highlighting significant regional differences in price movements.
Economists suggest that the latest figures are a strong indicator that Ghana’s inflationary pressures are being contained, offering hope for greater currency stability and improved investor confidence.
With inflation now at its lowest point in four years, policymakers are expected to consolidate gains while keeping a close eye on regional disparities and external shocks that could reverse the trend.
