Finance Minister Dr Cassiel Ato Forson has announced that Ghana’s inflation rate has fallen drastically, reaching a remarkable 8% in October 2025, down from 23.8% in December 2024.

The Minister made the announcement while presenting the 2026 Budget Statement and Economic Policy to Parliament on Thursday, November 13.

Dr Forson described the reduction in inflation as a significant achievement, noting that Ghana's inflation rate has returned to single digits, a milestone that had seemed far-fetched just a year ago.

He emphasised that this improvement was not the result of mere happenstance, but rather the outcome of "disciplined fiscal policy, steady monetary management, stable exchange rate, and strong domestic production."

“This has restored confidence in the economy, stabilised the cedi, and eased the pressure on families and businesses,” the Finance Minister stated.

"We have worked tirelessly to create the right economic environment to ensure stability and growth."

Dr Forson also pointed out that food inflation, which had reached a staggering 27.8% earlier in 2024, had dropped to 9.5% by October 2025.

The Minister highlighted that the cost of essential food items such as tomatoes, garden eggs, okra, and fish has now begun to fall, providing relief to households across the country.