BY Nadia Ntiamoah
Ghana’s year-on-year inflation rate has dropped to 9.4% in September 2025, marking a significant milestone in the country’s economic journey.
The Ghana Statistical Service (GSS) has developed a targeted set of recommendations to preserve this disinflation trend and support a durable economic recovery.
Recommendations For Households
The GSS advises households to take advantage of the falling inflation to plan ahead by budgeting smarter, avoiding unnecessary spending, and saving even small amounts to build buffers against future economic shocks.
This guidance aims to protect real incomes and reduce household vulnerability to price spikes.
Recommendations For Businesses
The GSS urges firms to utilize the disinflation window to improve competitiveness by:
– Investing in Efficiency: Investing in efficiency and local supply chains while inflation is low
– Cutting Waste: Cutting waste and strengthening sourcing from local producers
– Repositioning for Growth: Repositioning to grow as the economy stabilizes
– Passing Cost Savings: Passing cost savings to consumers where inputs are cheaper to build trust and competitiveness
These measures would help firms lock in margin gains, reduce import exposure, and support consumer demand as inflation comes down.
Recommendations For Government
The GSS has framed clear supply-side and fiscal priorities for the government, including:
– Maintaining Fiscal Discipline: Maintaining fiscal discipline to prevent a reversal of the recent disinflation trend
– Keeping Food Prices Low: Focusing resources on keeping food prices low by strengthening storage, irrigation, and transport
– Tackling Regional Disparities: Tackling regional disparities to ensure price falls translate into broader economic gains, including improved investor confidence
By implementing these steps, the GSS believes that Ghana can sustain single-digit inflation and achieve a durable economic recovery.
