Inflation drops for 11th consecutive month in 2025
Ghana’s headline inflation has dropped to 6.3% in November 2025, down from 8.0% recorded in October 2025.
This represents a 1.7 percentage point decrease.
It marks the eleventh consecutive month of slowing inflation and is the lowest rate recorded since February 2019.
According to the latest data from the Ghana Statistical Service (GSS), this aligns with economists’ projections and places inflation within the Bank of Ghana’s target band of 6–10% by the end of 2025.
Food inflation eased to 6.6% in November compared to October, while non-food inflation fell to 6.1% from 6.9% in October.
At the announcement, the Government Statistician, Dr Alhassan Iddrisu, noted that the main drivers of the decrease were food and non-food inflation.
Overall, prices rose by 0.9% between October and November 2025.
Ghana’s inflation drops to 8% in October 2025
On the regional front, the North East Region recorded the highest inflation rate at 12.3%, while the Savannah Region registered the lowest at -0.02%, indicating a slight reduction in its inflation rate.
The GSS described the decline as a positive indicator of progress toward macroeconomic stability, attributing it to ongoing measures to strengthen the cedi, supported by the Bank of Ghana’s recent monetary policy rate.
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