Country Senior Partner of PwC Ghana, Vish Ashiagbor, says Ghana’s return to 8 percent inflation is a clear indication that the country’s macroeconomic framework is strengthening adding that this sets the stage for further price stability if current policy momentum is sustained.

Speaking at the 2025 PwC Cyber Forum in Accra, Mr. Ashiagbor noted that the steady decline in inflation reflects improved coordination between fiscal and monetary authorities and growing confidence among businesses and investors.

“The fact that inflation has fallen to 8 percent reflects a stronger macroeconomic framework. If we sustain this momentum and build private sector confidence, we could see a more stable price environment,” he said.

He added that fiscal discipline and a positive private-sector response will be critical in consolidating the gains made so far and anchoring expectations in the coming months.

Investment advisory firm, Merban Capital has also said the current rate which is the lowest in four years is a strong indication that macroeconomic stability is returning and investor sentiment is beginning to rebound.

Its Head of Finance, Nelson Cudjoe Kuagbedzi, described the drop as a milestone that confirms the country’s steady recovery path.

He noted that the latest figure aligns with Merban Capital’s earlier projections that inflation would return to single digits before the end of the year.

Mr. Kuagbedzi tells Citi Business News, the disinflation trend has been driven by a mix of prudent fiscal consolidation, a tight monetary stance by the Bank of Ghana, improved exchange rate stability, declining fuel prices, and increased food supply.

“We projected inflation to hit single digits this year because the underlying disinflationary triggers were already in place. Prudent fiscal management, a firm monetary posture by the central bank, relative currency stability, reduced fuel prices and excess food supply have all contributed to easing price pressures.”