By Ebi Kesiena
Ghana’s inflation rate has continued its downward trend, easing to 11.5 per cent in August 2025, according to the Ghana Statistical Service (GSS).
In a report presented in Accra, Government Statistician, Dr. Alhassan Iddrisu, revealed that the latest figure is lower than the 12.1 per cent recorded in July, marking the eighth consecutive month of decline and bringing inflation below the government’s end-of-year target of 11.9 per cent.
Dr. Iddrisu noted that the August rate is also the lowest since October 2021, underscoring progress in stabilising consumer prices after inflation surged to nearly 24 per cent in December 2024.
“On average, prices of goods and services rose by 11.5 per cent between August 2024 and August 2025,” he explained, adding that the inflationary pressures which had gripped the economy in recent months are beginning to ease.
Month-on-month figures showed overall prices falling by 1.3 per cent, a development expected to provide some relief to households still reeling from years of high living costs.
Food inflation, identified as the biggest driver of consumer prices, also eased. It dropped to 14.8 per cent in August from 15.1 per cent in July, with food prices declining by 2.5 per cent in one month. Similarly, non-food inflation slowed to 8.7 per cent, down from 9.5 per cent, aided by a marginal fall in non-food prices.
Economists say the trend signals a positive outlook for the Ghanaian economy as policymakers continue efforts to sustain disinflation and ease cost-of-living pressures on citizens.
