The Ghana Statistical Service (GSS) has recommended that the government focuses resources on keeping food prices low as the economy rebounds.
The GSS also stated that there is a need to maintain fiscal discipline.
“Maintain fiscal discipline, focus resources on keeping food prices low by strengthening storage, irrigation, and transport; also tackle regional disparities in inflation,” the Government Statistician, Dr. Alhassan Iddrisu, said.
The GSS further recommended that businesses cut waste, strengthen sourcing from local producers, and reposition to grow. It added that businesses should pass cost savings to consumers where inputs are cheaper, to build trust and competitiveness.
Addressing a press conference in Accra on Wednesday, November 5, Dr Alhassan Iddrisu, said that Ghana’s inflation dropped to 8% in October, down from 9.4% in September and far below the 23.8% recorded in December 2024.
This is the lowest rate in four years and the 10th straight month of decline.
Overall prices decreased by 0.4% between September and October. Food inflation fell to 9.5% in October, down from 11.0% in September. Food prices decreased by 1.0% between September and October. Non-food inflation eased to 6.9% from 8.2% in September. Non-food prices, however, rose 0.04% month-to-month.
Inflation for goods slowed to 9.3% from 11.2% in September, goods prices decrease by 0.7% month-to-month. Services inflation eased more gently, from 4.8% in September to 4.6% in October, but service costs rose 0.5% between September and October. Since goods account for nearly ¾ of the CPI basket, the slowdown in goods inflation is a relief for consumers where it matters most.
He however, pointed out that sharp regional differences persisted as Inflation was uneven across the country. North East recorded the highest rate at 17.3%, while Bono East had the lowest at 1.1%. Local supply, transport costs, and market access could be driving these gaps.
Dr Iddrisu Alhassan further provided a list of the top 20 contributors to Inflation for October 2025.
The list are Herrings -Smoked, Plantain (Green), Cinema/Cultural Services, Cooked rice, Charcoal, Ginger, vegetable oil, Tomato Paste, electricity, Re-Sold Tap Water In Buckets/Barrels/Jerrycans, beef, Cassava – Kokonte/Dough, fish, Kenkey With Fried Fish, onions (Large), bread, accomodation (hotel), fufu and soup, yam, Public/Private Secondary School Fees (SSS).
Source: 3news.com By Laud Nartey
