Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. Inflation has now converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band, supported by favorable exchange rate movements. The cedi has rallied almost 35% this year on the back of strong cocoa and gold prices. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.