Speaking after the release of the September 2025 inflation figures, which show a decline to 9.4 percent—the first single-digit rate in four years, Dr. Iddrisu emphasised that the achievement, while significant, is only the beginning.

“We can actually do this by continuing to do what we are doing, which is keeping the inflation down,” he said on Channel One TV’s The Point of View on Wednesday October 8, adding “This will include keeping public spending discipline, supporting local food production and also maintaining policy coordination.”

He warned against complacency, noting that although inflation has fallen, prices are still rising—just at a slower pace.

“This is not the time to relax at all. In fact, inflation of 9.4% still means that on average, we are seeing the general price level increasing by 9.4% between September of last year and September of this year,” he explained.

Dr. Iddrisu described the return to single-digit inflation as progress, but said the real challenge now is ensuring that it can be sustained over the long term.

“Yes, we’ve brought it to single digits, but we shouldn’t relax at all. It is progress, but the goal now should be: how do we sustain this single-digit inflation? That is the most important question,” he stated.

The drop in inflation was largely driven by easing food prices, with food inflation falling from 14.8 percent in August to 11 percent in September. Non-food inflation also declined slightly to 8.2 percent, according to the Ghana Statistical Service.

Dr. Iddrisu concluded that sustaining the current stability will be critical to achieving lasting economic growth and easing pressure on households.

“This is how we can turn this stability into lasting growth and then real relief for households,” he said.