Inflation falls to single digits for first time in 4 years, most rapid disinflation in two decades – Finance Minister

November 14, 2025 1

Ghana recorded its fastest decline in inflation in over 20 years, with headline inflation dropping from 23.8 per cent in December 2024 to 8 per cent in October 2025, returning to single digits for the first time since 2021, Finance Minister Dr Cassiel Ato Forson has stated.

He said the sharp disinflation was driven by fiscal restraint, effective monetary policy, a stable cedi, and improved food supply.

Dr Ato Forson made these remarks while presenting the 2026 Budget Statement and Economic Policy of Government for the year ending 31 December 2026, in Parliament on Thursday, November 13.