Ghana’s consumer inflation rate fell to 5.4% in December 2025, marking the 12th consecutive month of decline and the lowest level since July 2002, according to data released by the Ghana Statistical Service (GSS).
The December figure represents a significant drop from 6.3% in November 2025 and a dramatic improvement from 23.8% recorded in December 2024. Food inflation eased to 4.9% (from 6.6%), while non-food inflation slowed to 5.8% (from 6.1%). Month-on-month, prices rose by 0.9%.
Government Statistician Alhassan Iddrisu highlighted the broad-based disinflation as evidence of returning macroeconomic stability, supported by a stronger cedi bolstered by high cocoa and gold prices, alongside ongoing fiscal discipline under the IMF-supported recovery program.
“This steady decline signals a sustained shift toward price stability and improving macroeconomic conditions,” he said.
