The rate at which the general prices of goods and services change has dropped to 6.3 per cent in November 2025, the lowest level recorded since the Consumer Price Index (CPI) was rebased in 2021.
The 6.3 per cent inflation rate also marks the 11th consecutive month of decline, latest figures from the Ghana Statistical Service (GSS) have shown.
The last time the economy recorded its lowest inflation was in May 2021, when the figure hit 7.5 per cent.
The Government Statistician, Dr Alhassan Iddrisu, who announced this at a media briefing in Accra yesterday, described the slowdown as proof of broad-based economic stabilisation.
“Ghana’s inflation has fallen to 6.3 per cent in November 2025 — the lowest since the 2021 rebasing and the 11th consecutive month of decline,” Dr Iddrisu told journalists.
He attributed the sharp disinflation to easing pressures in both food and non-food categories, improved domestic supply conditions, lower fuel cost pass-through and a relatively stable cedi.
Food inflation tumbles
Food inflation, a major driver of price pressures, plunged from 9.5 per cent in October this year to 6.6 per cent in November, driven by significant price drops in vegetables, tubers, fish and fruits.
Non-food inflation also moderated from 6.9 per cent to 6.1 per cent, supported by slower increases in housing, electricity, clothing and transport costs.
Goods inflation declined from 9.3 per cent to 7.3 per cent, while inflation in the services sub-sector eased to 3.8 per cent from 4.6 per cent.
The trimmed-mean inflation rate, which strips out extreme price movements, fell to 6.2 per cent, confirming underlying price stability.
Local, imported items
Inflation for locally produced items dropped to 6.8 per cent from 8.0 per cent, while imported inflation fell sharply to 5.0 per cent from 7.8 per cent, reflecting softer global commodity prices and cedi stability.
Regionally, the Savannah Region recorded the lowest rate at negative 0.02 per cent, buoyed by abundant food supplies in rural markets.
The North East Region posted the highest rate of 12.2 per cent, followed by the Upper West and Northern regions, where transport challenges continue to push prices higher.
Greater Accra, in spite of a relatively moderate rate, remained the largest contributor to national inflation, accounting for more than one-fifth of total price pressures because of its population size and consumption weight.
Monthly rise
On a month-on-month basis, inflation rose by 0.9 per cent in November, reversing October’s 0.4 per cent decline, mainly due to price adjustments in restaurants, personal care items and miscellaneous goods and services.
Dr Iddrisu said the consistent downward trend had created a more predictable cost environment for households and businesses after years of volatility.
