Ghana’s inflation rate for October 2025 has dropped significantly to 8.0 percent, down from 9.4 percent recorded in September 2025, according to new data released by the Ghana Statistical Service (GSS).

This marks the tenth consecutive month of decline, representing a 1.4 percentage point reduction, and signals a steady return to macroeconomic stability after months of tightening fiscal and monetary policies.

Announcing the figures at a media briefing in Accra, Government Statistician, Dr. Alhassan Iddrisu, said the continued downward trend reflects the positive impact of recent economic measures aimed at stabilising prices and strengthening the local currency.

“The consistent decline in inflation demonstrates progress toward price stability and overall economic resilience.

This is a clear indication that the policy measures being implemented are yielding results,” Dr. Iddrisu stated.

According to the report, inflation for locally produced items fell sharply to 8.0 percent in October, down from 10.1 percent in September, suggesting improved price stability in domestically manufactured goods.

The GSS attributed the development to sustained efforts by the government and the Bank of Ghana, including the recent cut in the monetary policy rate, which has supported the stability of the Cedi and eased cost pressures on local producers.

Economists say the latest data reflects growing consumer confidence and renewed optimism in the economy, particularly as Ghana continues to implement structural reforms under its economic reset agenda.

The GSS is expected to release a detailed breakdown of the inflation components in the coming days, highlighting sectoral contributions to the decline.