Ghana records 11th consecutive monthly drop in inflation

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Ghana records 11th consecutive monthly drop in inflation

The inflation continues its steady descent, easing to 6.3% in November 2025 from 8.0% in October, marking the eleventh consecutive month of declines,

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The inflation continues its steady descent, easing to 6.3% in November 2025 from 8.0% in October, marking the eleventh consecutive month of declines, according to the latest Consumer Price Index (CPI) report released by the Ghana Statistical Service (GSS).

Government Statistician, Dr. Alhassan Iddrisu, who presented the figures in Accra, attributed the downward trend to significant reductions in both food and non-food inflation.

Month-on-month, overall prices rose by 0.9% between October and November, indicating moderation in price pressures that have long affected households.

Food prices, which have historically been a key driver of inflation in Ghana, fell sharply to 6.6% in November from 9.5% in the previous month. Non-food items also experienced a slowdown, with inflation dropping to 6.1% from 6.9%. Services inflation eased to 3.8%, down from 4.6%, reflecting broader moderation in the cost of living across urban and rural centres.

Regionally, disparities remain pronounced. The North East Region recorded the highest inflation rate at 12.3%, while the Savannah Region saw prices remain virtually unchanged at -0.02%. These regional variations underline the ongoing challenges in stabilising prices across the country.

Locally produced goods also recorded slower inflation, decreasing from 8.0% in October to 6.8% in November. Meanwhile, imported goods followed a similar trajectory, with prices rising more slowly at 7.3%, down from 9.3% the previous month.

This sustained decline in inflation comes after Ghana experienced historically high inflation rates in 2022 and 2023, which peaked above 30%, undermining consumer confidence and increasing the cost of living.

The continued moderation suggests that monetary and fiscal measures implemented in recent years, including tighter interest rate policies and targeted subsidies on essential commodities, are beginning to stabilise the economy.

Despite the positive trends, experts warn that vigilance is needed, particularly in regions experiencing higher price pressures, to ensure that gains are not reversed in the months ahead.

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