Chairman of Parliament’s Economy and Development Committee, Hon. Dr. Eric Afful, has highlighted recent improvements in Ghana’s economic indicators, urging citizens to embrace the positive trend to foster informed decisions across households, businesses, and public institutions. He emphasized the government’s accountability under the social contract it holds with the people.
Dr. Afful cited a notable decline in headline inflation as one of the key markers of economic progress. Drawing from Bank of Ghana figures, he noted that inflation had fallen from 21.2 percent in April 2025 to 18.3 percent in May 2025, a 2.9 percentage point drop.
According to him, this has translated into a general reduction in the cost of goods and services, easing financial pressure on consumers.
While addressing Parliament, he further referenced improved fiscal indicators, stating that Ghana’s public debt stock had dropped to GHS 769.4 billion, equivalent to 55 percent of GDP, as of March 2025.
This reflects a better position compared to December 2024, when the debt stood at GHS 726.7 billion, representing 61.8 percent of GDP.
Dr. Afful also pointed to the Ghanaian cedi’s recent rebound against major trading currencies, attributing the improvement to a disciplined monetary environment and ongoing fiscal consolidation. He called on Ghanaians to rally behind the government’s 2025 Budget objectives to sustain the economic recovery.
