Ghana: Inflation falls to 4,6%, economic recovery confirmed

Ghana has registered another encouraging sign on the economic front. The consumer price inflation rate fell to 4,6% in July, down from 5,3% a month earlier, marking its first monthly decline since March, according to figures released by the National Statistics Service.

This decline is primarily driven by the slowdown in food price increases. According to government statistician Alhassan Iddrisu, this development has largely contributed to the decrease in overall inflation.

This performance is all the more remarkable given that a year ago, in July 2025, the inflation rate was still at 12,1%. In twelve months, the rate of price increases has thus been reduced by more than half, illustrating the effects of the stabilization measures undertaken by the authorities.

Having weathered one of the most severe economic crises in its recent history, Ghana is continuing its recovery. With its gold, oil, and cocoa reserves, the country is focusing on strengthening its public finances and restoring sustainable growth.

Confident in this momentum, the Ministry of Finance has maintained its main economic objectives for the year, believing that the government's stimulus program continues to produce the expected results.

Yolande Bazié