Single-digit inflation signals price stability, not reduction – GSS
The Ghana Statistical Service (GSS) has stated that the recent drop in inflation to single digits does not necessarily imply a reduction in prices, but rather indicates a period of price stability with no significant increases in the cost of certain commodities.
Ghana’s consumer price inflation recently dropped to single digits for the first time in four years, marking a significant milestone in the country’s fight against persistent price pressures. The year-on-year inflation rate fell to 9.4 per cent in September 2025, down from 11.5 per cent recorded in August. This is the lowest reading since August 2021 and extends a nine-month streak of declines.
Speaking on the Business Breakfast show on ZED FM, price expert at the Ghana Statistical Service, Mr Jibril Fuseini, explained that although prices of goods may not reduce, the stability in pricing will help consumers plan their expenditure more effectively.
“Prices are already high in the market, and because we have recorded single-digit inflation doesn’t mean prices will go down. What this actually means is that prices will now be stable for a long time, and consumers can plan their expenditure without needing to worry too much,” he stated.
Mr Fuseini also stressed that the GSS follows internationally recognised methodologies in collecting its data to ensure accuracy and reflect the realities on the ground.
“I want to categorically state that the GSS follows strict international methodology of price data collection. We follow consistency, meaning same market and same outlet, because if we don’t go to the same place for data collection, we might not get the actual prices,” he said.
Mr Fuseini added that if policymakers continue on the current trajectory, economic conditions will remain stable and citizens will begin to feel the positive effects of single-digit inflation.
