Ghana’s inflation rate dropped to 12.1% in July 2025, the lowest level since October 2021, according to the latest data from the Ghana Statistical Service (GSS).
This marks the seventh consecutive month of decline, underscoring what officials describe as a steadily improving economic environment.
The year-on-year inflation rate fell by 1.6 percentage points from 13.7% in June. Dr. Alhassan Iddrisu, Chief Economic Officer at the Ministry of Economic Research and Forecasting, called the development “a significant economic signal.”
Goods inflation dropped by 1.0 percentage point to 14.2%, while food inflation also eased year-on-year. However, on a month-on-month basis, food prices still rose slightly by 0.6% in July, compared to 0.5% in June.
The Upper West Region recorded the highest food and non-food inflation rates for the period.
Dr. Iddrisu said the sustained slowdown in inflation offers an opportunity for policy adjustments that could further stimulate growth.
“The decline in inflation is a positive signal for policymakers, indicating a slowdown in the pace of price increases,” he noted. “This trend could pave the way for lower interest rates, improve consumer confidence, and support economic recovery.”
He assured Ghanaians that government will continue to monitor the trend closely, adding that the results reflect the positive impact of current economic policies.
Source: Myxyzonline.com
