Ghana’s recent decline in inflation signals improved price stability and growing control over rising living costs, according to Government Statistician, Dr Alhassan Iddrisu.
For the first time in four years, consumer price inflation has dropped to single digits, continuing a nine-month downward trend. The year-on-year inflation rate fell to 9.4% in September 2025, down from 11.5% in August.
Speaking on Channel One TV’s The Point of View with Bernard Avle on Wednesday, October 8, Dr. Iddrisu explained that while prices are still rising, the pace has slowed significantly.
“What this means for the economy and the ordinary Ghanaian is that even though we have an inflation rate of 9.4%, what we all need to understand is that prices are still rising—but they are rising at a much slower pace,” he said.
He emphasized that the latest figures reflect meaningful progress in stabilizing the economy but also called for continued caution.
“Yes, we have recorded this significant achievement in inflation; we have made some progress, but prudence is still important. This milestone signals that Ghana is gradually gaining control over price growth, and the trend is towards stability.”
The decline in inflation is expected to ease pressure on household budgets and create a more predictable environment for businesses and investors.
However, Dr. Iddrisu noted that sustained efforts are needed to consolidate the gains and maintain long-term stability.
