Government is projecting that single-digit inflation will be achieved by mid-2026.
President John Mahama stated this goal will be supported by exchange rate stability and tighter monetary policy measures.
He said this at the Ghana-EU Business Forum held at the Kempinski Hotel in Accra.
“Inflation, which peaked at 23.8% at the end of 2024, has begun to ease, falling to 21.2% in April 2025 largely due to moderation of both food and nonfood inflation and prudent fiscal management. We’re projecting to achieve single-digit inflation trajectory by the middle of 2026,” he said on May 20.
He said “this will be underpinned by tighter monetary policy and complemented by fiscal consolidation and exchange rate stability.”
President Mahama noted that Ghana’s Gross International Reserves have surged from 8.9 billion in December 2024 to $8.9 billion in December 2024 to $10.6 billion by April 2025—equivalent to five months of import cover.
He added that while it is still early in the year, current positive economic indicators reflect a disciplined and inclusive economic recovery.
President Mahama stated that his administration remains committed to transparent governance while assuring potential partners of a reformed, business-friendly environment.
“This reflects enhanced export earnings, particularly from gold and non-traditional exports, as well as timely disbursements for our multilateral partners. These figures, though early in the year, are clear signs of a disciplined and inclusive economy,” he said.
He stressed that the government is enforcing contract sanctity and implementing firm measures to safeguard investor rights.
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