Ghana’s consumer inflation slowed for a twelfth straight month in December, easing to 5.4% from 6.3% in November, officials said.
The steady retreat reflects cooling price pressures across major categories, according to the Ghana Statistical Service’s latest consumer price index report.
Government statistician Alhassan Iddrisu said the decline was driven largely by softer food and non-alcoholic beverage prices, which had previously fuelled household strain.
“This steady decline signals a sustained shift toward price stability and improving macroeconomic conditions,” Iddrisu told reporters in Accra.
He added that December’s reading marked the lowest inflation level since the statistics service rebased its index in 2021.
The Bank of Ghana targets 8% inflation, allowing a tolerance band of two percentage points on either side of that goal.
Only a year earlier, inflation stood at 23.8%, a painful peak during the country’s deepest economic crisis in decades.
Ghana, a West African producer of gold, oil and cocoa, is now edging back from that turmoil.
The economy expanded 5.5% year on year in the third quarter of 2025, lifted by stronger agriculture and services output.
The International Monetary Fund last month completed the fifth review of Ghana’s loan programme, unlocking an immediate disbursement of about $385 million.
Together, the data sketch a cautious recovery, as easing prices and fresh funding restore confidence to a bruised economy.
