Ghana’s inflation eased to 8% in October 2025
The Bank of Ghana (BoG) has projected that inflation will continue its downward trend and settle between 6-8 percent by the end of 2025.
Speaking at the 127th Monetary Policy Committee (MPC) press conference in Accra on November 26, 2025, Governor of the Bank, Dr Asiama said the steady decline in headline inflation, from 23.5 percent in January 2025 to the Bank’s central target of 8.0 percent in October [2025], reflects the effectiveness of current monetary and fiscal policies.
“The decline was broad-based, as both food and non-food inflation are currently in single digits, the first since July 2021,” he stated.
FULL TEXT: BoG lowers monetary policy rate from 21.5% to 18%
He attributed the sustained disinflation to the Bank’s tight monetary policy stance, sustained fiscal consolidation efforts, a stable currency, and relative improvements in food supply.
Dr Asiama also noted that the Bank’s core inflation measure, which excludes energy and utility prices, has declined, reflecting moderation in underlying inflationary pressures.
“Price expectations by consumers, businesses, and the banking sector for the next year signal well-anchored inflation expectations,” he added.
MA