The Ghana Statistical Service (GSS) has provided a list of the top 20 contributors to Inflation for October 2025.
The list comprises 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, accommodation (hotel), fufu and soup, yam, Public/Private Secondary School Fees (SSS).
On Wednesday, November 5, the GSS announced that the inflation rate had plummeted to 8% in October 2025, marking a critical economic milestone as the lowest level recorded since June 2021.
This figure extends a steady decline for the tenth consecutive month, providing significant relief from persistent price pressures.
According to the Ghana Statistical Service (GSS), the latest data shows a substantial 1.4 percentage point fall from the 9.4% recorded in September. This represents a sharp improvement from the peak 23.8% rate recorded in December 2024, underscoring the success of continued monetary and fiscal stabilisation measures.
Speaking at a press briefing in Accra, Government Statistician, Dr. Iddrisu Alhassan, highlighted the achievement. “For the first time since June 2021, Ghana has achieved single-digit inflation. This means that the rate at which prices of goods and services are increasing has slowed significantly,” Dr. Alhassan noted.
He attributed the sustained decline to the impact of consistent policies aimed at stabilizing prices and strengthening the economy.
“We’ve seen improvements across food, transport, and housing categories key indicators of household welfare.” Dr. Alhassan also noted that the food component remains the largest contributor to the overall inflation basket.
Source: 3news.com Laud Nartey
