Barring any unexpected shocks, the Bank of Ghana (BoG) expects inflation to be on the decline through the end of 2025. But it expects the upper band of 8±2 to stay at percent for the same time span. Inflation will therefore continue to be above 10% for the ensuing two years.
The Bank of Ghana’s Monetary Policy Report for May 2023 included estimates like these. According to the most recent predictions, “monetary policy tightening, relative exchange rate stability, and some beneficial base drift effects” all point to a disinflationary path in the future.”
Assuming no unexpected shocks, headline inflation is expected to progressively trend lower but to stay above the upper band of 8% until the end of 2025.
