Ghana’s consumer inflation fell to 6.3% in November, marking the eleventh consecutive monthly decrease from its December 2022 peak of 54%. This strong economic signal is largely attributed to a significant drop in food inflation and stabilized market conditions.
The nation’s central bank has responded by reducing benchmark interest rates to 18%, reflecting confidence in economic recovery. Ghana continues debt restructuring under IMF guidelines, targeting a 1.5% GDP primary budget surplus by 2026.