The annual inflation rate in Ghana rose to 5.2% in September 2026 from 5% in August, accelerating for a second consecutive month. Food inflation picked up to 4% from 3% in the prior month. In contrast, non-food inflation slowed to 6.2% from 6.8%, while inflation for services softened to 8.3% from 8.6%. On a monthly basis, consumer prices rose 0.8%, doubling from a 0.4% rise the month before. source: Ghana Statistical Service

Inflation Rate in Ghana increased to 5.20 percent in September from 5 percent in August of 2026. Inflation Rate in Ghana averaged 16.90 percent from 1998 until 2026, reaching an all time high of 63.10 percent in March of 2001 and a record low of 0.40 percent in May of 1999. This page provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Inflation Rate in Ghana increased to 5.20 percent in September from 5 percent in August of 2026. Inflation Rate in Ghana is expected to be 7.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Inflation Rate is projected to trend around 5.90 percent in 2027 and 3.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-02 10:30 AM
Inflation Rate YoY
Aug 5% 4.6% 4.3%
2026-10-07 10:00 AM
Inflation Rate YoY
Sep 5.2% 5% 5.4%
2026-11-05 10:00 AM
Inflation Rate YoY
Oct 5.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 271.50 268.50 points Sep 2026
CPI Housing Utilities 357.60 352.50 points Sep 2026
CPI Transportation 226.90 226.40 points Sep 2026
Inflation Rate YoY 5.20 5.00 percent Sep 2026
Inflation Rate MoM 1.10 -1.00 percent Sep 2026


Ghana Inflation Rate
In Ghana, the most important components in the Consumer Price Index (CPI) are food and non-alcoholic beverages (43 percent of total weight); housing and utilities (10 percent); transport (10 percent) and clothing and footwear (8 percent). The index also includes: education (7 percent); restaurants and accommodations (5 percent); alcoholic beverages, tobacco and narcotics (4 percent); and information and communication (4 percent). Recreation, sports and culture; furniture, household equipment and maintenance; personal care, social protection and miscellaneous goods and services; health; and insurance and financial services account for the remaining 9 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.00 63.10 0.40 1998 - 2026 percent Monthly
2021=100

News Stream
Ghana Inflation Rate Rises for 2nd Month
The annual inflation rate in Ghana rose to 5.2% in September 2026 from 5% in August, accelerating for a second consecutive month. Food inflation picked up to 4% from 3% in the prior month. In contrast, non-food inflation slowed to 6.2% from 6.8%, while inflation for services softened to 8.3% from 8.6%. On a monthly basis, consumer prices rose 0.8%, doubling from a 0.4% rise the month before.
2026-10-07
Ghana Inflation Rate Quickens to 5% in August
The annual inflation rate in Ghana reaccelerated to 5% in August 2026 from 4.6% in July. Non-food price growth picked up to 6.8%, up from 6.1% in July, driven in part by higher oil prices stemming from the Middle East war that pushed up transport and utility costs. Meanwhile, food inflation eased marginally to 3% from 3.1%. On a monthly basis, the CPI fell by 1% in August, marking the first decline since late 2025, after a 0.1% uptick in the previous month.
2026-09-02
Ghana Inflation Rate Slows to 4.6% in July
The annual inflation rate in Ghana fell to 4.6% in July 2026 from a six-month high of 5.3% in June, marking the first monthly decline after three consecutive increases. Food inflation slowed to 3.1% from 3.9% the month before, while non-food inflation eased marginally to 6.1%, compared with 6.3% in June, as a more stable exchange rate helped curb imported inflation. The cost of imported goods rose by 2% year-on-year in July, slowing from a 2.3% rise in June. On a monthly basis, the CPI edged up by 0.1% in July, after a 0.2% increase in the previous month.
2026-08-06