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Claim: President John Mahama has stated that inflation dropped to 11.5 per cent in July 2025, marking a record four-year low.
Verdict: Misleading. Data from the Ghana Statistical Service revealed inflation in July 2025 was 12.1 per cent, not 11.5 per cent. The 11.5 per cent figure actually corresponds to August 2025.
Full Text
On Wednesday, Sept. 10, 2025, President John Mahama hosted a media encounter at the presidency to engage the nation on his administration’s policies and address pressing national issues.
The event provided a platform for the President to outline his “Resetting Ghana” agenda and share updates on key government projects. However, during his introductory remarks, the president said, “Today we are seeing stabilisation in the price of goods and services, with inflation dropping significantly from 23.8% in December 2024 to 11.5% in July 2025, the lowest inflation rate recorded since December 2021.”
Channel One TV has posted the full video of the claim on YouTube. The timestamps for the claim range from 9 minutes 17 seconds to 9 minutes 37 seconds.
The broadcast was carried live on major television stations across the country.
Verification
DUBAWA accessed data from the Ghana Statistical Service (GSS). The data revealed that inflation in July 2025 was 12.1 per cent, not 11.5 per cent. This can be found on page 5 of the Consumer Price Index and Inflation for August 2025.
Meanwhile, the 11.5 per cent figure actually corresponds to August 2025. By misattributing the 11.5 per cent rate to July, the claim gives a misleading impression of the monthly data.
Source: GSS
That said, the general narrative of declining inflation is accurate. From December 2024 to August 2025, Ghana experienced a fall in consumer prices, reflecting improved macroeconomic stability. The August 2025 figure of 11.5 per cent was indeed the lowest since October 2021, justifying the “four-year low” description.
Source: GSS
Conclusion
The claim that inflation stood at 11.5 per cent in July 2025 is misleading. The correct figure for July is 12.1%. Inflation only dropped to 11.5 per cent in August 2025. While Ghana’s inflation outlook is clearly improving, accuracy in reporting the timeline is essential to avoid misleading the public.
