The National Democratic Congress (NDC) Majority Caucus has lauded the sharp decline in inflation from 23.8 per cent in 2024 to 3.2 per cent in March 2026, describing it as a boost to the purchasing power of Ghanaians and a relief to household savings.

Addressing the Parliamentary Press Corps in Accra on Thursday following the release of the Bank of Ghana’s 2025 financial report, Mr Atta Issah, NDC Member of Parliament for Sagnarigu, attributed the achievement to prudent economic management under the Mahama-led administration.

According to the report, inflation fell consistently for fifteen consecutive months, dropping to 5.4 per cent by December 2025 and further to 3.2 per cent in March 2026.

Lending rates declined from over 30 per cent to 17.7 per cent, while the policy rate was cut to 14 per cent.

Public debt reduced from 62 per cent of GDP to 45 per cent, and the economy recorded a growth rate of six per cent.

The Bank of Ghana reported a net loss of GHC15.6 billion in 2025, compared to GHC9.4 billion in 2024. Mr. Issah explained that the figures reflected the cost of stabilising the economy rather than commercial losses.

In the report, the Governor of Bank of Ghana reiterated that the central bank’s mandate is not profit-making but ensuring price stability, financial system resilience, and overall economic stability.

“The right test of a central bank’s annual performance is whether it has delivered on its statutory mandate. By that test, 2025 was a year of significant achievement,” the statement noted.

The report further highlighted that the cedi, which depreciated by 19 per cent in 2024, appreciated by 41 per cent in 2025, making it the strongest emerging market currency that year.

International reserves rose to US$13.8 billion by the end of 2025 and US$14.5 billion in February 2026, the highest in Ghana’s history.

Officials emphasised that the GHC16.7 billion spent to absorb excess liquidity was necessary to tame inflation and restore confidence.

“The institution carried them in its books. The country received the benefits,” the Bank explained.

Parliament supported the stabilisation effort by passing the Bank of Ghana Amendment Act in 2025 and the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) in February 2026, which gave legal backing to the reserve accumulation strategy.

The Bank indicated that Ghana’s economic trajectory remains positive, with inflation continuing to decline, reserves at record levels, and confidence surging across households and businesses.