Ghana Inflation Rate Hits New 2021-Low

2025-10-01 11:05 By Luisa Carvalho 1 min. read

Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% the month before, marking the ninth consecutive period of slowing price growth.

Still, it remains above the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band.

September's slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%.

At the same time, imported inflation moderated to 7.4% in September from 9.5% in August, supported by the relative strength of the cedi despite recent weakness.



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