Nearly One Million Ghanaians Lifted Out of Poverty as Inflation Falls to 5.3%, Finance Minister Reports

The  Minister for Finance, Hon. Dr. Cassiel Ato Forson, has announced that nearly one million Ghanaians have been lifted out of multidimensional poverty as the country's economy continues to show signs of recovery and stabilization.

Presenting the 2026 Mid-Year Budget Review in Parliament, the Finance Minister disclosed that approximately 950,000 Ghanaians moved out of multidimensional poverty over the past 12 months, reflecting improvements in living standards and economic opportunities across the country.

Dr. Forson also highlighted Ghana's progress in reducing inflation, noting that the rate fell sharply from 23.8% in December 2024 to 5.4% by the end of 2025, before easing further to 5.3% in June 2026, indicating sustained price stability.

On the fiscal front, he reported that the government recorded a commitment-basis primary surplus of 2.5% of GDP at the end of 2025. By the end of June 2026, the country had achieved a primary surplus of 0.9% of GDP, placing Ghana on course to meet its full-year target of 1.5% of GDP.

The Finance Minister emphasized that the positive economic indicators reflect disciplined fiscal management and prudent macroeconomic policies. He noted that the gains extend beyond statistics, saying the reduction in poverty represents hundreds of thousands of families experiencing improved living conditions and greater hope for the future.

According to Dr. Forson, the government's continued commitment to fiscal discipline and economic reforms has strengthened confidence in the economy, with key fiscal and macroeconomic targets rem

aining firmly on track for the rest of 2026.

Report filed by PKB