The year 2024 had ended with a heavy, familiar weight on the shoulders of Ghanaians. Prices seemed to climb an endless ladder, with the inflation rate perched at a daunting 23.8%. In marketplaces and homes, the conversation was the same: the relentless squeeze of shrunken purchasing power.
But a quiet, determined battle was being waged. At the Bank of Ghana, Governor Dr. Johnson Asiama and his team held firm to a course of monetary discipline, a tight rein on policy that many hoped would steer the nation toward calmer waters.
Month by month, throughout 2025, a fragile hope began to bloom. The numbers started to tell a new story. Each passing month saw the inflation rate dip, a slow but steady retreat from the peaks of pressure. By November, it had fallen to 6.3%, and as the year drew to a close, all eyes turned to the Ghana Statistical Service for the final tally of December.
The data, when it came, was not just good news—it was historic. The annual inflation rate for December 2025 had plummeted to 5.4%, marking the twelfth consecutive month of decline. On a month-to-month basis, prices had barely crept up by 0.9%. The most significant relief came from the food basket, where inflation softened dramatically to 4.9%, a testament to improved harvests and smoother supply chains.
The contrast was staggering. From 23.8% to 5.4% in just one year. The beast of inflation had been tamed, not by chance, but by design.
During a courtesy call by the Asantehene, Otumfuo Osei Tutu II, Governor Asiama stood before the gathering, his voice carrying the weight of vindication and deliberate effort. “This trend reflected the broad-based disinflation process across both food and non-food,” he explained. “Certainly, this has not happened by accident but is the result of sustained monetary discipline we brought on board, improved food supply, and others.”
He painted a clear picture: the central bank’s firm hand on monetary policy, working in concert with better conditions for farmers and traders, had systematically eased the pressures that had burdened the economy. It was a victory of strategy over circumstance.
As the announcement spread, a palpable sense of relief began to replace anxiety. Households, long navigating a landscape of elevated prices, could finally foresee a period of stability. The sustained decline promised a stronger foundation for the national economy and a restoration of consumer confidence as Ghana stepped into 2026.
The Bank of Ghana reaffirmed its commitment to guard this hard-won stability, knowing it was the cornerstone for sustainable growth. The twelve-month miracle was complete, a testament to the power of policy and perseverance, offering a powerful new chapter for Ghana’s economic story.
Source: Apexnewsgh.com
