Ghana’s inflation rate slid to 6.3% in November 2025, the lowest level since the 2021 rebasing of the Consumer Price Index, extending an eleven-month streak of uninterrupted disinflation.
Announcing the figures in Accra on Wednesday, Government Statistician Dr. Alhassan Iddrisu said the persistent slowdown reflected broad-based easing across the economy.
“Ghana’s inflation has dropped to 6.3% in November 2025, the lowest since the 2021 rebasing and the 11th straight month of decline,” he said, citing improvements in both food and non-food categories, supported by better domestic supply, reduced fuel passthrough, and a more stable cedi.
Food inflation, once the biggest driver of household cost pressures, fell sharply from 9.5% in October to 6.6% in November. The GSS said declines in vegetables, tubers, fish, and fruits were central to the drop, although month-on-month food inflation ticked up to 1.1% after an October dip.
Non-food inflation also softened, easing from 6.9% to 6.1% as housing, electricity, clothing, and transport-related services recorded lower price growth.
Goods inflation fell to 7.3% from 9.3%, while services inflation slowed to 3.8% from 4.6%. The trimmed-mean measure—which strips out extreme price swings—slipped to 6.2%, pointing to underlying stability.
Regional disparities, however, remained stark. The Savannah Region recorded the lowest inflation at -0.02%, while the Northeast topped the chart at 12.2%, followed by the Upper West and Northern Regions, where transport constraints and limited market access continue to influence prices. Greater Accra remained the single largest contributor to national inflation due to its consumption weight.
Both local and imported items reflected the cooling trend. Inflation for domestically produced goods fell from 8.0% to 6.8%, helped by improved food availability and lower fuel costs.
Imported inflation dropped even more steeply, from 7.8% to 5.0%, on the back of softer global commodity prices and eased import cost pressures.
The statistical service said the consistent downward trend points to a more predictable cost environment for households and businesses after years of shocks and volatility.
Dr. Iddrisu noted that monitoring efforts will continue to ensure the gains since the December 2024 peak of 23.8% are sustained.
