Finance Minister Dr. Cassiel Ato Forson has hailed the latest consumer price data as a definitive signal of Ghana’s economic recovery. In November 2025, the national inflation rate dropped to 6.3%, marking the lowest level recorded since the 2021 rebasing of the Consumer Price Index.
This milestone represents the eleventh consecutive month of disinflation, suggesting that the government’s fiscal reforms and monetary policies are effectively anchoring price stability across the country.
A primary driver of this downward trend is the significant cooling of food prices, which the Minister noted would provide immediate relief to Ghanaian households. Food inflation saw a sharp decline from 9.5% in October to 6.6% in November.
Dr. Forson pointed out that the relief is broad-based, as price pressures are easing in other sectors as well. Notably, imported inflation saw a substantial drop from 7.8% to 5.0%, while local inflation moderated from 8.0% to 6.8%, reflecting a more stable exchange rate and improved domestic supply chains.
Characterizing the data as “measurable progress,” the Finance Minister expressed confidence that the sustained decline in inflation will create a more predictable environment for businesses to plan and invest.
Market analysts suggest that if this trend continues, it may provide the central bank with more room to further adjust interest rates, potentially lowering the cost of credit and further accelerating the nation’s broader economic recovery heading into 2026.
