FX.co ★ Ghana Inflation Rate Continues to Recede

Ghana's annual consumer inflation continued its downward trajectory, reaching 12.1% in July 2025, marking the lowest rate since October 2021. This trend of decline persisted for the seventh consecutive month. The stability of the cedi, bolstered by the increase in gold and cocoa prices, was a significant contributing factor. Food inflation moderated to 15.1% in July, down from 16.3% in the previous month, while non-food prices saw a decline in growth, registering at 9.5% compared to 11.4% in the preceding month. On a monthly basis, the Consumer Price Index (CPI) experienced a rise of 0.7%, following a 1.2% decrease in the prior month.