The Ghana Statistical Service (GSS) reported that the country’s annual average inflation rate declined to 14.6 per cent in 2025, a significant drop from 22.9 per cent in 2024, signalling easing price pressures across the economy.
Government Statistician Alhassan Iddrisu described the decline as evidence of measurable progress, while cautioning that underlying vulnerabilities persist. He noted that inflation fell sharply to 5.4 per cent in December 2025, placing Ghana among stronger-performing economies in the sub-region, although the full-year average presents a more tempered outlook.
Despite the improvement, the 14.6 per cent annual average remains above the Sub-Saharan Africa benchmark of 12.5 per cent, reflecting the lingering effects of previously elevated inflation levels.
Comparatively, Ghana’s inflation rate is lower than the West African subregional average of 17.7 per cent, but exceeds the 12.3 per cent recorded within the West African Monetary Zone (WAMZ)—a six-member bloc comprising Ghana, Nigeria, The Gambia, Sierra Leone, Guinea and Liberia, working towards a single regional currency.
Head of economic statistics at the GSS, Francis Mensah, underscored the delicate phase of the recovery, noting that Ghana has transitioned from rapid disinflation to the more complex challenge of sustaining price stability. “The gains are real, but they remain fragile,” he said.