Ghana’s inflation rate dropped to 9.4% in September 2025, marking the first time in four years that the country has recorded single-digit inflation.

The latest figures, released by the Ghana Statistical Service (GSS), show a significant decline from previous months, reflecting easing price pressures in food, fuel, and transportation.

According to the GSS, the decline is largely attributed to improved food supply, relative stability in the cedi, and consistent monetary policy measures by the Bank of Ghana, which have helped contain inflationary pressures.

This milestone comes as welcome news to households and businesses that have been grappling with high living costs in recent years.

Economists, however, caution that sustaining single-digit inflation will require continued fiscal discipline, stable exchange rates, and policies that support agricultural productivity and energy supply.

The last time Ghana recorded single-digit inflation was in 2019, before a combination of global shocks and domestic challenges pushed rates to record highs in subsequent years