Ghana’s inflation drops to 9.4% in September, lowest in four years

Ghana’s year-on-year inflation for September 2025 has fallen sharply to 9.4 percent, down from 11.5 percent in August, marking the ninth consecutive monthly decline and the first time in four years that inflation has dropped to single digits. This is also the lowest rate since August 2021.

Data released by the Ghana Statistical Service indicates that the decline reflects a sustained shift in prices, signaling that Ghana is firmly on the path to macroeconomic stability. Government Statistician Dr. Alhassan Iddrisu noted that the pressures driving inflation in recent months are easing.

Food inflation fell to 11.0 percent in September from 14.8 percent in August, while non-food inflation dropped to 8.2 percent from 8.7 percent. Locally produced items recorded an inflation rate of 10.1 percent, down from 12.2 percent, and imported items fell to 7.4 percent from 9.5 percent.

Regionally, the North East Region registered the highest inflation at a striking 20.1 percent, more than double the national average of 9.4 percent.