Finance Minister Hails Inflation Drop as Clear Sign of Economic Recovery
By Praisebell Rosemond Larbi
Minister of Finance, Dr. Cassiel Ato Forson has welcomed the latest inflation figures with strong optimism, describing the continued decline as clear and convincing evidence that Ghana’s economic reforms are yielding measurable, real-world results. His comments follow the release of November 2025 consumer price data, which show inflation falling to 6.3%, the lowest level since the 2021 statistical rebasing and the eleventh consecutive month of steady decline.
Dr. Forson highlighted the figures as a turning point that demonstrates the success of ongoing policies designed to rein in price pressures, restore macroeconomic stability, and strengthen household confidence. He expressed particular satisfaction with the significant improvement in food inflation, which dropped sharply from 9.5% in October to 6.6% in November, describing the shift as “a major source of relief for families and market consumers across the country.”
According to the Minister, the encouraging food price movement suggests that the supply chain pressures, seasonal distortions, and transport-related costs that previously drove food inflation upwards are easing substantially. “The data show that our interventions are having real impact. Households are beginning to feel the difference where it matters most at the market,” he said.
But he emphasized that the positive development goes beyond food prices. “And it is not just food. Price pressures are easing across the board,” he noted, referencing further reductions in both local and imported inflation. The latest figures show that local inflation fell from 8.0% to 6.8%, while imported inflation declined even more sharply from 7.8% to 5.0%. Dr. Forson described this broad-based improvement as a “solid sign of a recovering and stabilising economy.”
The Finance Minister argued that the consistent decline in inflation, now sustained over nearly a full year, indicates that policy decisions around fiscal discipline, debt restructuring, expenditure controls, and revenue-enhancing reforms are taking hold. He further suggested that such stability lays the foundation for improved business confidence, better planning for firms, and greater predictability for investors.
Economic analysts also agree that the continued downward trend in inflation could strengthen Ghana’s recovery trajectory. They note that lower and more stable prices may support reduced cost pressures for businesses, help protect real incomes, and potentially create room for more favourable monetary conditions if the trend continues.
For many households and businesses, the latest inflation news represents hope that the country is gradually emerging from its most difficult economic period in years. Dr. Forson insists the numbers mark meaningful progress: “This is real, measurable progress, progress we can build on to drive sustained recovery and long-term stability.”
