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Ghana's Inflation Hits Four-Year Low at 8%

11/7/2025

38 3 Full Breakdown

Summary

Story summary

Ghana's inflation rate fell to 8% in October 2025, the lowest in four years.
The drop follows 9.4% in September 2025 and 23.8% in December 2024.
Ghana Statistical Service (GSS) cites stable exchange rates and better food supply as drivers.
Food inflation eased to 9.5%; non-food inflation fell to 6.9%.
Analysts say maintaining the downward trend could restore investor confidence and growth.

History

Historical Context

Ghana's Economic Recovery Program (ERP) began in 1983 under the Provisional National Defence Council, led by Jerry Rawlings, following a severe economic crisis marked by inflation peaking at 123% in 1984. Supported by the International Monetary Fund, the ERP aimed to stabilize the economy, which has seen inflation drop to 8% today, reflecting ongoing efforts to enhance economic stability and investor confidence.

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Story summary

Ghana's inflation rate fell to 8% in October 2025, the lowest in four years.
The drop follows 9.4% in September 2025 and 23.8% in December 2024.
Ghana Statistical Service (GSS) cites stable exchange rates and better food supply as drivers.
Food inflation eased to 9.5%; non-food inflation fell to 6.9%.
Analysts say maintaining the downward trend could restore investor confidence and growth.

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