News

Ghana Inflation Rate Up to 4-Month High of 3.7%
Ghana’s annual inflation rate accelerated for a second month to 3.7% in May 2026, from 3.4% in April, reaching its highest level since January. Food and non-alcoholic beverage inflation rose to 3.3% from 2.2%, driving the increase, as higher oil and fertilizer costs linked to the Middle East war and the ongoing effects of climate change weighed on agricultural activity. Meanwhile, non-food inflation edged down slightly to 4.1% from 4.2%. On a monthly basis, the CPI rose by 1.1% in May, up from 1% in the prior month.
Published on 2026-06-03

Ghana Inflation Rate Up to 4-Month High of 3.7%
Ghana’s annual inflation rate increased for a second month to 3.7% in May 2026, from 3.4% in April, reaching its highest level since January. Food and non-alcoholic beverage inflation accelerated to 3.3% in May from 2.2% in April, while non-food inflation edged down slightly to 4.1% from 4.2%. On a monthly basis, the CPI rose by 1.1% in May, up from 1% in the prior month.
Published on 2026-06-03

Ghana Inflation Rate Up to 4-Month High of 3.7%
Ghana’s annual inflation rate accelerated for a second month to 3.7% in May 2026, from 3.4% in April, reaching its highest level since January. Food and non-alcoholic beverage inflation rose to 3.3% from 2.2%, driving the increase, as higher oil and fertilizer costs linked to the Middle East war and the ongoing effects of climate change weighed on domestic agricultural activity. Meanwhile, non-food inflation edged down slightly to 4.1% from 4.2%. On a monthly basis, the CPI rose by 1.1% in May, up from 1% in the prior month.
Published on 2026-06-03

Ghana Inflation Rate Up to 4-Month High in May
Ghana’s annual inflation rate accelerated for a second month to 3.7% in May 2026, from 3.4% in April, reaching its highest level since January. Food and non-alcoholic beverage inflation rose to 3.3% from 2.2%, driving the increase, as higher oil and fertilizer costs linked to the Middle East war and the ongoing effects of climate change weighed on domestic agricultural activity. Meanwhile, non-food inflation edged down slightly to 4.1% from 4.2%. On a monthly basis, the CPI rose by 1.1% in May, up from 1% in the prior month.
Published on 2026-06-03

Ghana Inflation Rate Quickens to 3.4% in April
Ghana’s annual inflation rate inched up to 3.4% in April 2026 from 3.2% in March, halting a 15-month disinflationary trend. Non-food inflation accelerated to 4.2% from 3.9%, largely on account of fuel prices, while food and non-alcoholic beverage inflation eased to 2.2% from 2.3% in March. On a monthly basis, the CPI rose by 1%, the strongest increase since February 2025, after a 0.1% increase the month before.
Published on 2026-05-06

Ghana Inflation Rate Quickens to 3.4% in April
Ghana’s annual inflation rate inched up to 3.4% in April 2026 from 3.2% in March. Non-food inflation accelerated to 4.2% from 3.9%, largely on account of fuel prices, while food and non-alcoholic beverage inflation eased to 2.2% from 2.3% in March. On a monthly basis, the CPI rose by 1%, the strongest increase since February 2025, after a 0.1% increase the month before.
Published on 2026-05-06

Ghana Inflation Rate Continues to Slow
Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. The cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%). On a monthly basis, the CPI rose by 0.1%, after increasing by 0.8% in the previous month.
Published on 2026-04-01

Ghana Inflation Rate Continues to Slow
Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. The cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%).
Published on 2026-04-01

Ghana Inflation Rate Continues to Slow
Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. This was the lowest reading since the 2021 rebasing, as the cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%). Inflation for domestically produced goods rose to 4.9% in March from 4.5% in February. Meanwhile, prices for imported goods fell by 0.6%, after a 0.6%rise in February, likely reflecting favorable exchange rate effects. On a monthly basis, the CPI rose by 0.1%, after increasing by 0.8% in the previous month.
Published on 2026-04-01

Ghana Inflation Rate Continues to Slow
Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. This was the lowest reading since the 2021 rebasing, as the cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%). Inflation for domestically produced goods rose to 4.9% in March from 4.5% in February. Meanwhile, prices for imported goods fell by 0.6%, after a 0.6% rise in February, likely reflecting favorable exchange rate effects. On a monthly basis, the CPI rose by 0.1%, after increasing by 0.8% in the previous month.
Published on 2026-04-01

Ghana Inflation Rate Continues to Slow
Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. The cedi maintained stability, curbing price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%).
Published on 2026-04-01

Ghana Inflation Rate Continues to Slow
Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. The cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%). Inflation for domestically produced goods rose to 4.9% in March from 4.5% in February. Meanwhile, prices for imported goods fell by 0.6%, after a 0.6%rise in February, likely reflecting favorable exchange rate effects. On a monthly basis, the CPI rose by 0.1%, after increasing by 0.8% in the previous month.
Published on 2026-04-01

Ghana Inflation Rate Falls to Near 3-Decade Low
Ghana’s annual inflation rate fell to 3.3% in February 2026 from 3.8% in January, marking the 14th consecutive month of slowing price growth. This was the lowest reading since August 1999. The food inflation rate fell to 2.4% from 3.9% in January, while non-food price growth accelerated to 4% from 3.9%. On a monthly basis, the CPI rose by 0.8%, after a 0.2% increase in the previous month.
Published on 2026-03-04

Ghana Inflation Rate Falls to Near 3-Decade Low
Ghana’s annual inflation rate fell to 3.3% in February 2026 from 3.8% in January, marking the 14th consecutive month of slowing price growth. This was the lowest reading since August 1999, amid the ongoing strength of the cedi. The food inflation rate fell to 2.4% from 3.9% in January, while non-food price growth accelerated to 4% from 3.9%. On a monthly basis, the CPI rose by 0.8%, after a 0.2% increase in the previous month.
Published on 2026-03-04

Ghana Inflation Rate Falls to Near 3-Decade Low
Ghana’s annual inflation rate fell to 3.3% in February 2026 from 3.8% in January, marking the 14th consecutive month of slowing price growth. This was the lowest reading since the 2021 rebasing, amid the ongoing strength of the cedi. The food inflation rate fell to 2.4% from 3.9% in January, while non-food price growth accelerated to 4% from 3.9%. On a monthly basis, the CPI rose by 0.8%, after a 0.2% increase in the previous month.
Published on 2026-03-04

Ghana Inflation Rate Slows to Fresh Low
Ghana’s annual inflation rate eased to 3.8% in January 2026 from 5.4% in December 2025, marking the 13th consecutive month of slowing inflation and the lowest level since the CPI was rebased in 2021. Inflation moderated for both food and non-alcoholic beverages (3.9% vs 4.9% in December 2025) and non-food prices (3.9% vs 5.8%), reinforcing signs of improving price stability. Inflation now sits well below the Bank of Ghana’s 8% target band, leaving room for further easing after cumulative rate cuts of 12.5 percentage points since July 2025. The sustained disinflation highlights Ghana’s recovery as it moves toward completing its IMF-supported programme later this year.
Published on 2026-02-05

Ghana Inflation Rate Slows to Fresh Low
Ghana’s annual inflation rate eased to 3.8% in January 2026 from 5.4% in December 2025, marking the 13th consecutive month of slowing inflation and the lowest level since the CPI was rebased in 2021. Inflation moderated for both food and non-alcoholic beverages (3.9% vs 4.9% in December 2025) and non-food prices (3.9% vs 5.8%), reinforcing signs of improving price stability. Inflation now sits well below the Bank of Ghana’s 8% target band, leaving room for further easing after cumulative rate cuts of 12.5 percentage points since July 2025. The sustained disinflation highlights Ghana’s recovery as it moves toward completing its IMF-supported programme later this year. On a monthly basis, the CPI rose 0.2% in January, following a 0.9% increase in each of the previous two months.
Published on 2026-02-05

Ghana Inflation Rate Softens for 12th Month
Ghana's annual inflation rate fell further to 5.4% in December 2025, a fresh low since July 2022, from 6.3% in November. This marked the 12th consecutive month of slowing inflation, largely attributable to a strengthening currency. Food inflation eased to 4.9% from 6.6% in November, while non-food price growth slowed to 5.8% from 6.1%. On a monthly basis, the CPI rose by 0.9% in December, the same pace as in the previous month.
Published on 2026-01-07

Disinflation in Ghana Remains on Track
Ghana's annual inflation rate decelerated for the 11th month running to 6.3% in November 2025, from 8% in October, largely due to a more favorable exchange rate. Food inflation eased to 6.6% from 9.5% in October, while non-food price growth slowed to 6.1% from 6.9%. On a monthly basis, the CPI increased by 0.9% in November, after a 0.4% fall in the prior month.
Published on 2025-12-03

Disinflation in Ghana Remains on Track
Ghana's annual inflation rate decelerated for the 11th month running to 6.3% in November 2025, from 8% in October, largely due to a more favorable exchange rate. Higher cocoa and gold prices have contributed to a stronger cedi this year. Food inflation eased to 6.6% from 9.5% in October, while non-food price growth slowed to 6.1% from 6.9%. On a monthly basis, the CPI increased by 0.9% in November, after a 0.4% fall in the prior month.
Published on 2025-12-03