Ghana’s inflation rate has eased to 8% in October 2025, marking a significant reduction from the 23.5% recorded at the start of the year.
Speaking at the 127th Monetary Policy Committee press conference in Accra on November 26, Bank of Ghana Governor Dr. Ernest Addison Asiama highlighted the success of current fiscal and monetary policies in bringing prices under control. He said the decline was broad-based, with both food and non-food inflation falling into single digits—a milestone not seen since July 2021.
Dr. Asiama attributed the improvement to a combination of factors, including a tight monetary policy stance, sustained fiscal discipline, a stable cedi, and better food availability.
He also pointed out that the Bank’s core inflation measure, which excludes volatile energy and utility costs, has also dropped, signaling a moderation in underlying inflationary pressures.
Looking ahead, the Bank of Ghana expects inflation to continue trending downward, projecting a range of 6–8% by the end of 2025. Dr. Asiama added that expectations for next year, from consumers, businesses, and the banking sector, indicate that inflation outlook remains well-anchored.
