Latest inflation figures released by the Ghana Statistical Service show that December 2025 saw further decline to 5.4% from 6.3% in November that year, marking the 12th consecutive month decline in inflation. Data sources indicate that this rate is the lowest in the history of Ghana since 1970 where that year ended with an inflation of 3%.
Government Statistician, Dr. Alhassan Iddrisu, in presenting the figures Wednesday noted that the decline in the December inflation was driven by lower food and non-food inflation that eased prices for locally produced and imported items.
He urged the government to sustain fiscal discipline in order to match up with falling prices so as to reflect in the personal economies of Ghanaians.
He said, “Five items including charcoal, green plantain, smoked herrings, cinema and cultural services, and ginger contributed over 40% of overall inflation in December 2025. On the other hand, five items including garden eggs, kontomire, fried fish, pawpaw, and cabbage recorded sharp declines, together pulling inflation down by about 8%.”
According to the national statistics bureau, consumer price index for December 2025 stood at 261.7 up from 248.3 in the same month of 2024 which translates into a year-on-year inflation of 5.4% for December 2025.
Meanwhile, the month-on-month rate for the last month of 2025 remained at 0.9%, the same as November 2025 meaning that the general price level increased by 0.9% between
November and December 2025. Food inflation fell from 6.6% in November 2025 to 4.9% in December with the leading drivers to low food inflation including garden eggs, kontomire, fried fish, fresh tomatoes, green pepper, okro, pawpaw, cabbage, and carrot among others.
The top contributors of high food inflation include ginger, green plantain, avocado, palm fruits, fresh coconut, crab, snail, and cashew.
For the regional distribution of top contributors of high inflation to the national average, Eastern Region remained first with Y-o-Y rate of 11.2%, followed by North East Region with 9.8% Y-o-Y inflation rate. Western, Volta, and Central Regions contributed 9.3%, 9.1%, and 7.8% respectively.
However, amongst the top regional contributors to the overall inflation, Eastern Region still came first with 21.3%, followed second by Greater Accra by 17.6% with Ashanti, Central, Western Region following in that order contributing 17%, 12.6%, and 12.5% respectively.
“The year-on-year decline in inflation was driven by lower food and non-food inflation, easing prices for locally produced and imported items, and slower goods inflation, even as services costs and regional differences remained,” Dr. Iddrisu observed.