Ghana has recorded yet another drop in its inflation rate from 8.0% in October to 6.3% at the end of November 2025 marking the eleventh consecutive month of decline. This is according to the latest Consumer Price Index (CPI) report released by the Ghana Statistical Service (GSS)
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This sustained disinflationary trend has put inflation within the Bank of Ghana’s target range and could lead to further interest rate cuts.
According to the Government Statistician, Dr. Alhassan Iddrisu, who presented the data, said the decline was driven largely by reductions in both food and non-food inflation. Overall, prices went up by 0.9% between October and November 2025.
Food inflation fell sharply to 6.6%, down from 9.5% in October. Non-food inflation also dropped to 6.1% from 6.9%, while inflation in the services sector eased to 3.8% from 4.6%.
Regionally, the North East Region recorded the highest inflation rate at 12.3%, whereas the Savannah Region posted the lowest at -0.02%.
Inflation for locally produced items decreased from 8.0% in October to 6.8% in November 2025. Inflation for goods also slowed, declining to 7.3% from 9.3%.
Dr. Iddrisu has thus encouraging businesses to take advantage of the lower inflation environment by investing in efficiency, strengthening local supply chains, reducing waste, and passing cost savings on to consumers where possible.
The inflation rate in Ghana for January 2025 was 23.5% a slight decrease from December 2024’s 23.8%.
