Ghana’s Inflation Falls to 6.3% in November, Lowest Since 2021 Rebase
Food and non-food prices ease as Ghana records 11th consecutive month of inflation decline, signaling improved economic stability
- Ghana’s inflation fell to 6.3% in November 2025, the lowest since the 2021 CPI rebasing
- Food inflation dropped from 9.5% to 6.6%, while imported and local goods also saw significant declines
- The easing marks the 11th consecutive month of declining inflation, signaling improving economic stability
Ghana’s inflation rate continued its downward trajectory in November 2025, reaching 6.3%—the lowest level recorded since the 2021 rebasing of the Consumer Price Index (CPI).
This marks the eleventh consecutive month of easing price pressures, highlighting signs of improving macroeconomic stability.
Dr. Alhassan Iddrisu, Government Statistician, attributed the decline to broad-based reductions in both food and non-food inflation amid stabilising market conditions.
Data from the Ghana Statistical Service (GSS) shows that food inflation fell sharply from 9.5% in October to 6.6% in November, reflecting better supply, moderated transport costs, and eased prices across major food groups. Local inflation dropped from 8.0% to 6.8%, driven by improved availability of domestic goods, reduced fuel pressures, and relative currency stability. Meanwhile, imported inflation eased from 7.8% to 5.0%, aided by lower global commodity prices and favourable import cost dynamics.
“The combined decline indicates that price pressures are easing across the entire basket of goods, both local and imported,” Dr. Iddrisu said. “This is a meaningful step toward restoring economic stability in Ghana.”
For households and businesses, the trend signals a more predictable cost environment after years of volatility caused by global shocks, supply-chain disruptions, and currency depreciation. The GSS confirmed it will continue to monitor pricing trends to sustain these gains in the coming months.
