Ghana’s inflation rate has declined for the 13th consecutive month, falling to 3.8% in January 2026 from 5.4% in December 2025. This marks the lowest rate recorded since the rebasing of the Consumer Price Index (CPI) in 2021.
According to the latest data from the Ghana Statistical Service, presented by Government Statistician Dr. Alhassan Iddrisu, food inflation dropped to 2.4% in February 2026 from 3.9% in January 2026.
Although food prices increased by 0.2% between January and February 2026, non-food inflation edged up slightly to 4.0% in February from 3.8% in January, with non-food prices rising by 1.2% month-on-month.
Inflation for goods slowed to 3.2% in February 2026, down from 3.7% in January 2026, while goods prices rose by 0.94% month-on-month.
Since goods account for nearly three-quarters of the CPI basket, the slowdown in goods inflation offers some relief for consumers. Meanwhile, services inflation eased to 3.7% in February from 4.2% in January.
Dr. Alhassan also highlighted persistent regional disparities, with inflation rates varying across the country. The North East Region recorded the highest rate at 8.9%, while the Savannah Region posted the lowest at -5.6%. He attributed the differences to factors such as local supply constraints, transportation costs, and market access challenges.
He further expressed optimism that the continued easing of inflation could create room for businesses, households, and the government to focus on improving efficiency and strengthening economic stability.
READ ALSO:
GH¢1.5bn in assets frozen under ORAL – Kwakye Ofosu reveals
All stakeholders deserve praise for peaceful Ayawaso East by-election -Political analyst
Cocoa Stabilization Fund to shield farmers from price cuts – COCOBOD PRO breaks down proposed bill
Kim Lars Bjorkegren hails Black Queens ‘best ever’ performance against Russia
