The Bank of Ghana has announced significant improvements in key economic indicators during its 128th Monetary Policy Committee (MPC) press briefing held on January 28, 2026.
According to the Bank, the Composite Index of Economic Activity (CIEA) recorded an impressive 8.8 percent growth in November 2025, a sharp rise from the 1.5 percent growth posted in November 2024.
Headline inflation also saw a dramatic decline, falling from 23.8 percent in December 2024 to 5.4 percent in December 2025. The easing of inflationary pressures was attributed to falling oil and food prices, declining underlying inflation, and anchored inflation expectations.
The Bank’s monetary policy interventions, including a 900 basis-point reduction in the policy rate over the year, contributed to a drop in average lending rates from 30.25 percent to 20.45 percent.
On the global front, the economy proved more resilient than expected in 2025, buoyed by fiscal stimulus in several countries, rising real wages, and increased investments in Artificial Intelligence, particularly in the United States and Asia.
Domestically, Ghana’s growth recovery gained momentum, with Real GDP expanding at an annual rate of 6.1 percent during the first three quarters of 2025, compared to 5.8 percent in the same period of 2024.
The Bank reaffirmed its commitment to maintaining macroeconomic stability and supporting growth through prudent policy measures.
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