In August 2025, Ghana’s overall inflation rate showed signs of easing, recording 11.5%, a slight drop from the 12.1% recorded in July.

Consumer prices also dipped by 1.3% month-on-month.

According to the latest data from the Ghana Statistical Service (GSS), several food items are still rising at alarming rates.

Fresh coconut prices have surged by a staggering 130.9% compared to last year, watermelon is up 115.1%, cashew 110.3%, avocado pear 108.3%, and ginger 104.4%.

Other staples such as palm fruits, imported apples, groundnuts, and chicken eggs have also seen inflation rates ranging from 57% to 75%, making it increasingly difficult for families to manage their grocery budgets.

Beyond fresh produce, the GSS identified other major contributors to inflation. Items like vegetable oil, electricity, yams, smoked herrings, and cooked rice have all experienced significant price increases.

Ghana's inflation drops for 8th straight month

For instance, vegetable oil rose by 56.3%, electricity by 38.9%, tubers of yam by 23.8%, smoked herrings by 23.6%, and cooked rice by 13.5%.

These figures shows a disconnect between the national inflation rate and the actual cost of living for many Ghanaians.

In response to this spike, Government Statistician, Dr Alhassan Iddrisu, has urged households to take advantage of falling prices in select commodities and shop strategically.

“For businesses, lower inflation is a green light to invest and stay competitive. For households, prices are your chance to save more and shop smarter. For government, lock in disinflation with fiscal discipline and stronger local supply chains,” he said at a press conference on Wednesday, September 3, 2025.

To sustain the downward trajectory, Dr Iddrisu called on the Bank of Ghana and the Ministry of Finance to continue implementing coordinated monetary and fiscal policies.

SA

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