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Ghana’s inflation rate has dropped to 11.5% in August 2025, down from 12.1% in July, according to the Ghana Statistical Service. This marks the eighth consecutive month of decline, bringing inflation below the government’s end-of-year target of 11.9%. The August figure is the lowest recorded in almost four years.
Month-on-month, overall prices actually fell by 1.3%, offering households some respite from prolonged cost-of-living pressures. Food inflation slowed to 14.8% in August from 15.1% in July, with food prices dropping by 2.5% within the month. Non-food inflation also moderated to 8.7%, compared to 9.5% in July, with prices falling slightly by 0.1%. Inflation for goods declined to 13.9% from 14.2% in July, with overall prices of goods falling by 1.6%. Imported inflation eased faster than local inflation, supported by a stronger Cedi and lower global cost pressures.
