Ato Forson: 950,000 Ghanaians moved out of multidimensional poverty in a year
Finance Minister Dr Cassiel Ato Forson has announced that Ghana’s inflation rate has dropped significantly from 23.8% in December 2024 to 5.3% by June 2026, describing the decline as the strongest indication of the country’s economic recovery.
Presenting the 2026 Mid-Year Fiscal Policy Review to Parliament, Dr Forson said inflation closed 2025 at 5.4% before reducing further in the first half of 2026.
He also highlighted improvements in the labour market, noting that the unemployment rate declined from 13.7% during the first three quarters of 2024 to 12.8% over the same period in 2025.
On poverty reduction, the Finance Minister said multidimensional poverty, which assesses deprivation in areas such as housing conditions, education, healthcare and employment, fell from 24.9% in the third quarter of 2024 to 21.9% in the corresponding period of 2025.
According to Dr Forson, the decline meant that approximately 950,000 Ghanaians moved out of multidimensional poverty within one year.
“Behind these statistics are the hundreds of thousands of families who now enjoy better living conditions and greater hope for the future,” he said.
The Finance Minister further disclosed that Ghana has already met its statutory debt target of 45% of GDP, achieving the milestone ahead of the timeline set under the IMF programme and the government’s own projection.
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