Inflation rate for Ghana declined further to 5.4 percent in December 2025, a 0.9-percentage-point decline compared to the 6.3 percent recorded the previous month, according to data released by the Ghana Statistical Service (GSS) on Wednesday.
Government Statistician Dr. Alhassan Iddrisu said to the media that the lower inflation rate was the result of a strong decline in food and non-food inflation rates, as well as the easing of inflation for locally produced and imported items.
“Compared to November, food inflation declined 1.7 percentage points to 4.9 percent in December, while non-food inflation also declined 0.3 percentage points to 5.8 percent from the previous month’s level of 6.1 percent,” Iddrisu said.
Meanwhile, the inflation rates for locally produced and imported items stood at 5.9 percent and 4.3 percent, respectively, in December, down from 6.8 percent and 5.0 percent a month earlier.
“The steady drop in inflation from 23.8 percent in Dec. 2024 to 5.4 percent in December 2025 shows a sustained shift in prices that signals Ghana is firmly on the path to macroeconomic stability,” Iddrisu said. “Inflation pressures have eased, food inflation is falling faster, and price stability is taking hold.”
The West African cocoa, gold, and crude oil exporter began implementing reforms in May 2023 after inflation soared to 54.1 percent in December 2022, amid ballooning public debts, a collapsing local currency, and a weakened macroeconomic environment.
However, the situation has improved as a result of the reforms backed by a 3-billion-dollar loan from the International Monetary Fund and austerity measures introduced by the government since last January. Enditem
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