Ghana’s inflation rate has dropped to 6.3 percent in November 2025, marking the 11th straight month of decline and bringing price levels closer to the Bank of Ghana’s medium-term target band. The sustained disinflation reflects improving food supply conditions, stronger currency stability, and tighter fiscal and monetary discipline over the past year.
According to the Ghana Statistical Service (GSS), both food and non-food inflation categories recorded notable easing, supporting the overall downward trend. Analysts attribute the improvement to a combination of policy adjustments, better harvest outcomes, and slower imported inflation as global supply chains stabilize.
The continued decline offers a significant boost to Ghana’s macroeconomic outlook. Lower inflation reduces pressure on household spending, improves real purchasing power, and strengthens the case for policy-rate normalization by the central bank. The trend also enhances investor confidence by signaling that earlier stabilization measures are gaining traction.
Yet, the path forward requires caution. Exchange-rate risks, global commodity volatility, and the fiscal environment remain important variables that could influence the sustainability of this progress. Maintaining discipline will be essential to ensure inflation stays within the target range through 2026.
Ghana’s latest inflation reading marks a turning point: after a period of sharp price increases, the economy is now showing signs of durable stabilization and improved policy credibility.
