Consumer and business confidence strengthened in the closing months of 2025 as inflationary pressures continued to ease, according to the latest report from the Bank of Ghana (BoG).
The central bank’s survey showed that its Consumer Confidence Index rose to 116.4 in December 2025, up from 115.3 in October. Similarly, the Business Confidence Index increased to 107.7 from 106.5 over the same period, reflecting renewed optimism about economic conditions.
The BoG attributed the improvement largely to the sustained decline in inflation, which has helped stabilize prices and improve purchasing power. Easing price pressures have also boosted expectations about future economic conditions, encouraging households to feel more secure about their finances.
Businesses, on the other hand, cited relative exchange rate stability, improving sales, and positive revenue outlooks as key drivers of their growing confidence. Many firms also expressed optimism about possible reductions in borrowing costs if macroeconomic stability is maintained.
The report further noted improvements in private sector activity, with the Purchasing Managers’ Index rising above the 50-point threshold, signaling expansion in economic activity.
The findings suggest that Ghana’s macroeconomic stabilization efforts are beginning to translate into stronger sentiment among consumers and firms.
Analysts say sustaining the momentum will depend on continued inflation control, exchange rate stability, and prudent monetary policy decisions in the months ahead.