By the end of 2025, inflation should be between 10% and 12%. The Bank of Ghana’s Monetary Policy Committee (MPC) may decide to take a cautious approach to policy easing as a result, according to Databank Research.
Deloitte, a professional services business, had already forecast an average inflation rate of 11.9% for 2025.
According to Databank Research, it anticipates a stabilization of Ghana’s financial situation. This may lead the Bank of Ghana’s Monetary Policy Committee (MPC) to take a cautious stance when it comes to policy easing.
By the end of 2025, we anticipate that Ghana’s monetary environment will stabilize and that the inflation rate will be drifting toward a target range of 10% to 12%. This could lead the Bank of Ghana’s Monetary Policy Committee (MPC) to take a cautious approach to policy easing. According to the World Bank’s 2025 Outlook, “We expect inflation to drop steadily towards the World Bank’s projection of 11.5% with strengthening economic indicators and international support.”
As supply and demand balance, we think that boosting business confidence and containing wide money in the face of contractionary monetary policy will help stabilize prices. We anticipate that as the world moves toward green energy, demand will decline, especially from China, which will lower oil prices globally, further lowering the cost of necessities at home and possibly maintaining a stable monetary situation,” the statement continued.
In November 2024, Ghana’s annual consumer inflation increased from 22.1% to 23%, the highest level since May 2024, for the third consecutive month.
Food costs were the main source of upward pressure (25.9% vs. 22.8% in October), particularly for staples like yams and beans.
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