Ghana October Inflation Rate Hits Target at 8%

2025-11-05 10:56 By Luisa Carvalho 1 min. read

Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth.

Inflation has now converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band, supported by favorable exchange rate movements.

The cedi has rallied almost 35% this year on the back of strong cocoa and gold prices.

Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%.

On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.



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