Ghana’s Inflation Falls to 6.3% in November — Lowest Since 2021

Ghana’s inflation rate has continued its downward trend, dropping to 6.3% in November 2025, the lowest level recorded since the Consumer Price Index (CPI) was rebased in 2021. This marks the eleventh consecutive month of declining inflation, highlighting improving stability in the economy.

Government Statistician Dr. Alhassan Iddrisu attributed the decline to broad improvements in both food and non-food inflation, supported by stable market conditions.

According to the Ghana Statistical Service (GSS), food inflation fell sharply from 9.5% in October to 6.6% in November, driven by better food supply, reduced transport costs, and improved distribution. Non-food inflation also eased, reflecting stability across various sectors.

Local inflation dropped from 8.0% to 6.8% as domestic food availability improved and fuel-related pressures eased. Imported inflation declined from 7.8% to 5.0%, supported by lower global commodity prices and better import cost dynamics.

The combined declines show easing price pressures across both locally produced and imported goods.

Dr. Iddrisu described the trend as a significant step toward restoring economic stability, noting that households and businesses can expect a more predictable cost environment after years of volatility.

The GSS said it will continue to track price developments to help sustain the progress in the coming months.