Ghana's Inflation Rate Hits 6.3% in November 2025, Lowest in Seven Years

In November 2025, Ghana's inflation rate decreased to 6.3%, the lowest in almost seven years, with food inflation easing to 6.6% and non-food inflation moderating to 6.1%. Analysts suggest that the strengthening Ghanaian cedi, boosted by higher global prices of cocoa and gold, contributed to the sustained decline.

This decline may prompt the Bank of Ghana to consider interest rate cuts to stimulate economic activity. The government's commitment to fiscal consolidation, as outlined in recent budget presentations, aims to achieve a primary budget surplus of 1.5% of GDP by 2026, signaling positive economic prospects for Ghana.