Leverage the Benefits of Current 8% Inflation – GSS to households, Businesses
By Praisebell Rosemond Larbi
The Ghana Statistical Service (GSS) has called on households and businesses to take advantage of the country’s significantly reduced inflation rate to strengthen their financial positions, improve efficiency, and support local investment.
With headline inflation dropping to 8.0 percent in October 2025, the lowest level in four years and the 10th consecutive monthly decline, the GSS says the current stability offers a unique opportunity for both consumers and the private sector to rebuild confidence and plan for sustainable growth.
Speaking in Accra, Government Statistician, Dr. Alhassan Iddrisu, said the era of single-digit inflation should mark a turning point in how households and businesses manage spending and investment.
“Lower inflation is a signal to plan, budget better, and avoid unnecessary spending. Stability gives families and firms room to think long-term, rebuild savings, and channel resources into productive activities,” Dr. Iddrisu stated.
According to the GSS, food inflation eased sharply to 9.5 percent in October from 11.0 percent in September, while non-food inflation dropped to 6.9 percent from 8.2 percent. Inflation for locally produced items declined to 8.0 percent, indicating improved domestic supply conditions, while imported inflation edged up slightly to 7.8 percent, reflecting mild global price adjustments.
Dr. Iddrisu explained that these developments are helping to stabilize household budgets and restore purchasing power after two years of high price pressures.
“This is the time for households to rebuild their resilience through saving and prudent spending, and for businesses to reinvest in productivity, innovation, and value addition,” he said.
The GSS further advised the private sector to reinvest savings from lower input costs into areas that can boost competitiveness and growth, such as technology adoption, skills development, and local sourcing.
“Businesses should cut waste, strengthen ties with local suppliers, and pass cost savings to consumers where possible,” Dr. Iddrisu added.
He also urged government to sustain macroeconomic policies that have underpinned the disinflation trend, particularly those targeting food supply stability, including investment in irrigation, storage, and transport infrastructure.
Regional inflation disparities, however, remain wide. The Bono East Region recorded the lowest inflation rate at 1.1 percent, while the North East Region posted the highest at 17.3 percent, though both show improvements over the past month.
Economic analysts believe that Ghana’s inflation moderation could further reduce borrowing costs, boost consumer confidence, and enhance purchasing power going into 2026.
“This is the best opportunity for households to save and for firms to expand sustainably,” the Statistician emphasized.
He concluded that maintaining fiscal discipline and monetary stability will be key to ensuring that the gains achieved so far translate into real economic recovery and shared prosperity.
