Ghana’s annual inflation rate slowed further to 5.4 percent in December 2025, the lowest level since a consumer price rebasing exercise in 2021, reinforcing expectations that the central bank may ease borrowing costs when it meets later this month.
The latest reading marks the 12th consecutive month of disinflation, driven largely by a strengthening currency and easing food prices, according to BusinessDay’s analysis of official data released by the Ghana Statistical Service on Wednesday.
Food inflation fell to 4.9 percent in December from 6.6 percent in November, while non-food inflation eased to 5.8 percent from 6.1 percent. On a month-on-month basis, the consumer price index rose by 0.9 percent, unchanged from the previous month.