Ghana’s average inflation rate is expected to drop from 22.9% in 2024 to 18.8% in 2025.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Inflation in Ghana is projected to decline from an average of 22.9% in 2024 to 18.8% in 2025, Fitch Solutions has indicated in its latest macroeconomic outlook.

According to the UK-based firm, the moderation in inflation will be driven by an expected fall in global oil prices, which will enable the National Petroleum Authority (NPA) to limit hikes in retail fuel prices or potentially reduce them, easing cost pressures on households.

The firm further added that improved global supply of key food items such as rice and wheat will help drive down food prices locally, while high gold prices are expected to strengthen the Bank of Ghana’s reserves.

This, it said, will enhance cedi stability and limit imported inflation.

Source: newsthemegh.com