Ghana’s Inflation Drops to 3-Year Low at 8% in October — A Milestone in Economic Stability
JHNews || After years of volatility, Ghana’s inflation drop to 8% signals a rare moment of economic calm, a win for consumers and a bold statement to investors. Yet experts warn: one misstep in fiscal discipline could erase these hard-won gains.
HENRY GERCHI 
Accra, November 8, 2025 — Ghana’s inflation rate has fallen sharply to 8% in October 2025, marking the 10th straight month of decline and reaching its lowest level since June 2021, according to new data from the Ghana Statistical Service (GSS).
The sustained drop is being hailed as a major achievement for the Mahama administration’s fiscal reforms, driven by improved food supply, exchange rate stability, and disciplined monetary management.
Key Economic Indicators:
- Food Inflation: 9.5% (down from 11% in September)
- Non-Food Inflation: 6.9% (down from 8.2%)
- Locally Produced Items: 8% (from 10.1%)
- Imported Goods: Slight uptick to 7.8% (from 7%)
Regional Breakdown:
- Lowest Inflation: Bono East Region — 1.1%
- Highest Inflation: North East Region — 17.3% (down from 20.1%)
Government Statistician Dr. Alhassan Iddrisu credited the steady decline to strong policy coordination including a stabilized cedi, improved agricultural output, and easing fuel prices.
Economists have welcomed the trend, describing it as a “turning point” for Ghana’s economy, but they caution that maintaining single-digit inflation will require continued fiscal discipline and macro stability amid uncertain global conditions.
