Ghana’s inflation rate has continued its steady decline as of November 2025, decreasing to 6.3%—the lowest level recorded since the 2021 rebasing of the Consumer Price Index (CPI).
This represents the eleventh consecutive month of diminishing price pressures and reinforces indications of improving macroeconomic stability.
On Wednesday, December 3, 2025, the government statistician, Dr. Alhassan Iddrisu, attributed this decline to widespread improvements in both food and non-food inflation, bolstered by stabilizing market conditions.
Data from the Ghana Statistical Service (GSS) indicates that food inflation fell significantly from 9.5 percent in October to 6.6% in November, demonstrating sustained easing across major food categories, enhanced supply, and reduced transport and distribution costs.
The report further illustrates ongoing stabilization in both locally produced and imported goods. Local inflation decreased from 8.0% in October to 6.8% in November, driven by better availability of domestic food products, diminished fuel-related pressures, and relative currency stability.
Imported inflation also declined from 7.8% to 5.0% during the same timeframe, reflecting lower global commodity prices and improved dynamics in import costs.
The overall decline suggests that price pressures are subsiding across the entire range of goods, encompassing both domestically produced and imported essentials.
Dr. Iddrisu characterized this development as a significant step towards restoring economic stability: “Ghana’s inflation has fallen to 6.3% in November 2025, the lowest since the 2021 rebasing and the 11th consecutive month of decline.”
For households and businesses, this data indicates a more predictable cost environment following years of volatility caused by global shocks, supply-chain disruptions, and currency depreciation.
The GSS has stated that it will continue to closely monitor pricing trends to help maintain the progress achieved in the upcoming months.
