Inflation in Ghana Hits Four-Year Low, Opening Door to Rate Cuts

Inflation in Ghana declined sharply in October, reaching its lowest level in more than four years and giving policymakers greater room to pursue sizable interest rate cuts.

Official data showed annual inflation slowed to 8%, down from 9.4% in the previous month, beating economists’ expectations for a more modest easing.

On a monthly basis, prices fell by 0.4%, underscoring a clear improvement in the inflation outlook and easing pressure on households.

Monetary Policy Outlook

Economists say the sustained slowdown in inflation strengthens the case for deeper reductions in borrowing costs, supporting growth while keeping price stability in check.