Ghana’s inflation dropped to a record low in 2025
The Governor of the Bank of Ghana, Dr Johnson Asiama, has projected that Ghana’s headline inflation is expected to remain broadly within the country’s medium-term target, based on the central bank’s latest forecasts and six-month-ahead inflation expectations.
According to him, while the country’s inflation outlook remains favorable, risks could emerge from possible upward adjustments in utility prices and volatility in commercial markets.
Speaking at the 128th Monetary Policy Committee (MPC) press briefing on January 28, 2026, Dr Asiama emphasized that Ghana’s economic growth outlook for 2026 remains strong, with the output gap expected to continue narrowing.
“The latest forecast and six-month-ahead inflation expectations, which we monitor closely, indicate that headline inflation is broadly expected to remain within the medium-term target, barring spillover risks from upward adjustments in utility prices and commercial market volatility,” he said.
Ghana’s inflation dropped to historic 5.4% in December 2025 – GSS
He noted that this trend could introduce moderate demand-side pressures, even as overall macroeconomic conditions remain supportive of stability.
Dr Asiama added that the MPC had assessed current monetary conditions and concluded that they remain tight relative to prevailing inflation dynamics, underscoring the central bank’s commitment to price stability.
“GDP growth is expected to remain strong in 2026, with the output gap narrowing. This may introduce moderate demand-side pressures. The MPC judged that current monetary conditions remain tight relative to prevailing inflation dynamics,” he said.
He further stated that sustaining Ghana’s recent macroeconomic gains will depend largely on disciplined fiscal policy and strong coordination between fiscal and monetary authorities. He targeted agricultural interventions to contain food inflation.
Watch the video below:
SP/EB
BoG lowers policy rate from 18% to 15.5%
Banking sector shows resilience as assets, profits grow in 2025 – BoG
Banking sector shows resilience as assets, profits grow in 2025 – BoG
Source:
www.ghanaweb.com
