With just three months remaining in the year, economic attention in Ghana is turning to price trends and the medium-term economic outlook.
According to the International Monetary Fund’s (IMF) World Economic Outlook, Ghana is projected to end 2026 with a year-end inflation rate of 8.0%. This 8.0% end-of-period forecast highlights a significant disinflation path for the Ghanaian economy
The IMF’s historical records and projections show that Ghana’s end-of-period inflation stood at 39.2% at the end of 2023, declined to 23.8% in 2024, and is expected to drop further to 12.0% by the end of 2025 before reaching 8.0% at the end of 2026.
On an annual average basis, inflation is projected to slow from 22.9% in 2024 to 16.6% in 2025 and 9.9% in 2026.
While recent inflation data published by the Ghana Statistical Service (GSS) announced a headline rate of 5.2% as of September, the IMF’s year-end benchmark highlights the trajectory needed to keep price growth firmly anchored in single digits through late 2026.
This projected slowdown in price expansion is expected to coincide with renewed macroeconomic momentum. Real GDP growth in Ghana is forecast to strengthen to 4.8% in 2026, up from 4.0% in 2025.
For households and businesses across the country, the IMF’s forecast signals a welcome shift toward macroeconomic predictability and greater purchasing power stability after years of severe cost-of-living pressures.
