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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

Ghana October Inflation Rate Hits Target at 8%
Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. Inflation has now converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band, supported by favorable exchange rate movements. The cedi has rallied almost 35% this year on the back of strong cocoa and gold prices. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.
Published on 2025-11-05

Ghana October Inflation Rate Hits Target at 8%
Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. It converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.
Published on 2025-11-05

Ghana October Inflation Rate Hits Target at 8%
Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. Inflation has now converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band, supported by a favorable exchange rate. The cedi has rallied almost 35% this year on the back of strong cocoa and gold prices. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.
Published on 2025-11-05

Ghana Inflation Rate Hits Target at 8%
Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. It converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.
Published on 2025-11-05

Ghana October Inflation Rate Hits Target at 8%
Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. Inflation has now converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month.
Published on 2025-11-05

Ghana Inflation Rate Hits New 2021-Low
Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% in the previous month. This marks the ninth consecutive period of slowing price growth. September's slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%.
Published on 2025-10-01

Ghana Inflation Rate Hits New 2021-Low
Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% in the previous month. This marks the ninth consecutive period of slower price growth. September's slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%.
Published on 2025-10-01

Ghana Inflation Rate Hits New 2021-Low
Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% in the previous month. The slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%.
Published on 2025-10-01

Ghana Inflation Rate Hits New 2021-Low
Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% the month before, marking the ninth consecutive period of slowing price growth. Still, it remains above the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band. September's slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%. At the same time, imported inflation moderated to 7.4% in September from 9.5% in August, supported by the relative strength of the cedi despite recent weakness.
Published on 2025-10-01

Ghana Inflation Rate Hits New 2021-Low
Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% the month before, marking the ninth consecutive period of slowing price growth. Still, it remains above the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band. September's slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%.
Published on 2025-10-01

Ghana Inflation Rate Nears 4-Year Low
Ghana's annual consumer inflation fell to 11.5% in August 2025, a new low since October 2021, extending its downward trend for the eighth month. Food inflation cooled down to 14.8% in August from 15.1% a month earlier, while non-food price growth eased to 8.7% from 9.5%. On a monthly basis, the CPI decreased by 1.3% in August, after a 0.7% rise in the previous month.
Published on 2025-09-03

Ghana Inflation Rate Nears 4-Year Low
Ghana's annual consumer inflation fell to 11.5% in August 2025, a new low since October 2021, extending its downward trend for the eighth month. The cedi saw strength from rising commodity prices, supporting Ghana’s declining inflation, but some signs of weakness have recently emerged. Food inflation cooled down to 14.8% in August from 15.1% a month earlier, while non-food price growth eased to 8.7% from 9.5%. On a monthly basis, the CPI decreased by 1.3% in August, after a 0.7% rise in the previous month.
Published on 2025-09-03

Ghana Inflation Rate Continues to Recede
Ghana's annual consumer inflation fell further to 12.1% in July 2025, the lowest since October 2021, extending its downward trend for the seventh month. This was largely due to the ongoing strength of the cedi. Food inflation decelerated to 15.1% in July from 16.3% a month earlier and non-food price growth eased to 9.5% from 11.4% the month before. On a monthly basis, the CPI rose by 0.7%, after a 1.2% decrease in teh prior month.
Published on 2025-08-06

Ghana Inflation Rate Continues to Recede
Ghana's annual consumer inflation fell further to 12.1% in July 2025, the lowest since October 2021, extending its downward trend for the seventh month. The cedi’s ongoing resilience, fueled by rising gold and cocoa prices, played a central role. Food inflation decelerated to 15.1% in July from 16.3% a month earlier and non-food price growth eased to 9.5% from 11.4% the month before. On a monthly basis, the CPI rose by 0.7%, after a 1.2% decrease in the prior month.
Published on 2025-08-06

Ghana Inflation Rate Drops to 3-1/2-Year Low of 13.7%
Ghana's annual consumer inflation eased for the 6th month in a row, hitting 13.7% in June 2025, the lowest level since December 2021, mainly due to the cedi's ongoing strength. Food inflation moderated further to 16.3% from 22.8% in May, while non-food price growth also cooled down to 11.4% from 14.4% the month before.
Published on 2025-07-02