Accra: The rate of inflation in Ghana slowed to 11.5 percent year on year in August, down from 12.1 percent in July, as reported by the Ghana Statistical Service on Wednesday. This marks the lowest inflation rate in nearly four years and continues a trend of decline for the eighth consecutive month.

According to Ghana News Agency, the overall prices fell by 1.3 percent between July and August 2025, providing some relief for households. Dr. Alhassan Iddrisu, the Government Statistician, highlighted that food inflation currently stands at 14.8 percent, with food prices falling by 2.5 percent over the same period. Non-food inflation also saw a decline, dropping to 8.7 percent from 9.5 percent in July 2025, with prices of non-food items slightly decreasing by 0.1 percent.

Dr. Iddrisu noted that inflation for goods fell to 13.9 percent from 14.2 percent in July, with overall prices of goods reducing by 1.6 percent between the two months. He pointed out that inflation was higher for local items compared to imports, as imported prices eased faster, aided by a stronger exchange rate and lower global cost pressures.

Regional disparities in inflation were noted, with the Upper East region recording the highest year-on-year inflation rate at 21.8 percent, while Bono East had the lowest at 6.1 percent. On a month-on-month basis, the Upper East region recorded the lowest regional inflation rate of -3.2 percent, whereas Volta had the highest at -0.3 percent.

Dr. Iddrisu emphasized that the decline in inflation across food, non-food, and goods categories, along with easing price pressures on both imported and local items, signifies real progress toward price stability. This provides a strong foundation for growth, jobs, and investment. He recommended that with the lower inflation rates, there is an opportunity for investment and competitiveness.

For households, the dropping prices offer a chance to save more and make more informed purchasing decisions. Meanwhile, the government is reinforcing disinflation through fiscal discipline and strengthening local supply chains.