FX.co ★ Ghana Inflation Rate Nears 4-Year Low

Ghana's annual consumer inflation dropped to 11.5% in August 2025, marking the lowest point since October 2021 and continuing its downward trajectory for the eighth consecutive month. The Ghanaian cedi has benefitted from an upswing in commodity prices, which has supported the nation's decreasing inflation rate. However, recent indicators have suggested potential vulnerabilities. The inflation rate for food decreased to 14.8% in August, down from 15.1% in July, while the inflation rate for non-food items also reduced to 8.7%, compared to 9.5% the previous month. On a month-to-month basis, the Consumer Price Index (CPI) fell by 1.3% in August, following a 0.7% increase in the preceding month.