President John Mahama says Ghana’s economy is witnessing a period of price stability, with inflation falling sharply and the cost of goods and services easing across markets.

Speaking during his Presidential Media Encounter, the President said his government’s economic management strategy is not just about improving macroeconomic indicators but ensuring that households experience real relief.

“Our approach to economic management goes beyond improving the macroeconomic indicators. It’s about making the Ghanaian household feel the impact in their everyday lives,” President Mahama stated. “As the saying goes, the real economy is not in statistics, but in the pockets of the people,” he said on Wednesday, September 10.

He highlighted that inflation has dropped significantly from 23.8 percent in December 2024 to 11.5 percent in July 2025 — the lowest recorded since December 2021. This, he explained, is reflected in the stabilisation of prices of goods and services.

According to him, the effects of the economic rebound are now visible in markets across the country.

“The prices of key commodities have fallen and, for the first time in years, brands and businesses are actively advertising their price reductions. This is a sign that recovery is not only real but tangible,” he said.

Trade associations, he revealed, have also presented data to Parliament showing that up to 4,500 different items on the market have seen varied price reductions.