Ghana Inflation Rate Declines to 11.50% in August
Ghana’s annual consumer inflation fell to 11.5% in August 2025, according to statistics office, a new low since October 2021, extending its downward trend for the eighth month.
Food inflation declined to 14.8% in August from 15.1% a month earlier, while non-food price growth eased to 8.7% from 9.5%.
On a monthly basis, the country’s consumer price index decreased by 1.3% in August, after a 0.7% rise in the previous month.
Government statistician Alhassan Iddrisu told a press conference that both food and non-food prices eased last month. However, food prices remain the largest driver of inflation, he added.
“The steady drop in inflation is reassuring, but the monthly swings we are seeing remind us that we need to keep watch on inflation, particularly short-term movements,” he told reporters.
The gold-, oil- and cocoa-producing nation is emerging from its most severe economic crisis in decades. The cedi is up over 20% against the dollar so far this year.
Ghana’s central bank slashed its key interest rate by 300 basis points to 25% in July, the largest cut in its history, showing its confidence in a progressive slowdown in prices.
Finance Minister Cassiel Ato Forson said earlier that month that officials were hopeful they could hit the year-end inflation target of 11.9% ahead of schedule. #Ghana Inflation Rate Declines to 11.50% in August#
