Inflation dropped to a record low in 2025
Ghana’s inflation rate fell to 5.4% in December 2025, down from 6.3% in November and marking a dramatic drop from 23.8% recorded in December 2024, according to the latest data from the Ghana Statistical Service.
The figure, announced by Government Statistician Dr Alhassan Iddrisu, signals a major milestone in price stability, with the rate now well within the Bank of Ghana’s medium-term target band of 8%.
According to him, this means that prices of goods and services will increase at a much slower pace than in the previous year.
“In December 2025, inflation fell to 5.4% from 6.3% in November 2025 and 23.8% in December 2024. This means prices are rising much more slowly than a year ago, giving households and businesses greater stability to plan, spend, and invest with confidence,” he posted.
Financial analyst Edem Kojo, commenting on the data in a social media thread, noted that the 5.4% reading is the lowest inflation recorded since May 2002.
He also noted that the country still met its economic target ahead of the expected IMF goal.
“5.4% inflation is the lowest recorded inflation since May 2002. The last time we recorded December (Annual) inflation this low was in 1970.
“Ghana has outperformed the 8.0% inflation target it was supposed to hit by the end of the IMF programme ahead of schedule. (This is despite the fact that we missed the IMF’s 2024 end-of-year target of 15%),” he posted.
Inflation for November drops to 6.3%
The sharp deceleration in price growth, from nearly 24% a year ago to single digits, is expected to bolster economic confidence, providing households and businesses greater predictability for planning and investment.
Analysts have attributed the sustained disinflation to tight monetary policy, relative exchange rate stability, and moderating global commodity prices.
See the posts below:
The headline inflation figure of 5.4% does not fully tell the story and as usual I will put these number into context in this thread.
1. 5.4% inflation is the lowest recorded inflation since May 1985.
2. The last time we recorded Decmeber (Annual) inflation this low was, 1970 https://t.co/hj3JxAA0yH
— Edem Kojo, WASSCE (@_edemkojo) January 7, 2026
ID/BAI
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