Ghana Records Single-Digit Inflation for the First Time in Four Years – Dr. Iddrisu Hails Progress but Urges Caution
Ghana’s inflation rate has dropped to single digits for the first time in four years, signalling growing price stability and improved control over rising costs, according to Government Statistician, Dr. Alhassan Iddrisu.
The latest data shows that year-on-year consumer price inflation fell to 9.4% in September 2025, down from 11.5% in August, extending a consistent nine-month downward trend.
Speaking on Channel One TV’s The Point of View with Bernard Avle on Wednesday, October 8, Dr. Iddrisu described the decline as a sign that Ghana’s economy is gradually stabilising, though prices continue to rise — albeit at a slower rate.
“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 this is still indicating that prices are rising, but they are rising at a much slower pace,” he explained.
Dr. Iddrisu commended the progress made but stressed the need for continued prudence and policy discipline to sustain the gains.
“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,” he said.
The decline in inflation is expected to ease cost pressures on households and businesses, while reinforcing optimism about Ghana’s economic recovery.
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