Ghana’s headline inflation declined to 5.4 per cent in December 2025, the lowest rate since the Consumer Price Index was rebased in 2021.
The Government Statistician, Dr Alhassan Iddrisu, announced on Wednesday that the rate had declined from 6.3 per cent recorded in November 2025.
The development marked the 12th consecutive month of decline, representing an 18.4 percentage point reduction from the 23.8 per cent recorded in December 2024.
According to the Ghana Statistical Service (GSS), the decline reflected a sustained movement towards price stability and improving macroeconomic conditions.
The GSS said the disinflation process was broad-based, with notable reductions in both food and non-food inflation.
Dr Iddrisu said food inflation declined to 4.9 per cent from 6.6 per cent in November, noting that food accounts for about 43 per cent of household expenditure.
“Non-food inflation eased to 5.8 per cent down from 6.1 per cent the previous month,” he said.
He said inflation for locally produced items reduced to 5.9 per cent, while imported items slowed to 4.3 per cent, indicating easing price pressures from both domestic and external sources.
Dr Iddrisu said a decomposition of the data showed that although overall inflation had declined, some items continued to record high inflation.
He said the highest inflation items included ginger at 76.7 per cent, green plantain at 69.4 per cent and charcoal at 66.8 per cent.
On a regional basis, Dr Iddrisu said the Eastern Region recorded the highest inflation rate of 11.2 per cent, while the Savannah Region recorded a negative inflation rate of -1.2 per cent.
He said the figures showed signs of growing economic stability and offered guidance to key stakeholders.
Dr Iddrisu recommended sustained fiscal discipline and increased investment in storage, irrigation and transport infrastructure to address regional price disparities.
He encouraged businesses to invest in efficiency and local supply chains to help translate cost reductions into stable prices.
Dr Iddrisu advised households to plan their budgets with greater confidence but said they should remain cautious by monitoring essential spending and setting aside savings.
GNA
Edited by Kenneth Sackey
7 Jan. 2026
