Government Statistician, Dr. Alhassan Iddrisu, has said the country’s recent decline in inflation reflects improved price stability and growing control over rising costs.

For the first time in four years, consumer price inflation has dropped into single digits, continuing a nine-month downward trend. The year-on-year rate fell to 9.4% in September 2025, down from 11.5% in August.

Speaking on Channel One TV’s The Point of View with Bernard Avle, on Wednesday, October 8,  Dr. Iddrisu explained that the slowdown means prices are still increasing, but at a much slower pace.

“What this means for the economy and the ordinary Ghanaian is that even though we have an inflation rate of 9.4%, what we all need to understand is that this is still indicating that prices are rising, but they are rising at a much slower pace.”

He added that while the milestone marks significant progress, caution remains necessary.

“Yes, we have recorded this significant achievement in inflation; we have made some progress, but prudence is still important. This milestone signals that Ghana is gradually gaining control over price growth, and the trend is towards stability.”