Ghana’s consumer inflation slowed for the 12th consecutive month, falling to 5.4% year on year in December from 6.3% in November, the statistics service said on Wednesday.
Government statistician Alhassan Iddrisu told a press conference that while inflation pressures were coming down across most major components, the drop was mostly driven by a slowdown in food and non-alcoholic beverages prices.
“This steady decline signals a sustained shift toward price stability and improving macroeconomic conditions,” Iddrisu said, adding that last month inflation reached its lowest level since a rebasing exercise in 2021.
The Bank of Ghana targets inflation of 8%, with a tolerance band of 2% points either side. Inflation was at 23.8% in December 2025.
The West African gold, oil and cocoa-producing nation is emerging from its most severe economic crisis in decades.
Ghana’s economy expanded by 5.5% year on year in the third quarter of 2025, driven by an improvement in the agriculture and services sectors, the statistics agency said in December.
–Reuters–
