Ghana’s inflation rate edged up to 3.4 percent in April 2026 from 3.2 percent in March, making the first increase since December 2024, according to the Ghana Statistical Service (GSS).
Government Statistician, Dr Alhassan Iddrisu, told a press conference that despite the uptick, inflation remained sharply lower than the 21.2 percent recorded in April 2025, reflecting sustained disinflation over the past year.
The Consumer Price Index (CPI) rose 1.0 percent month-on-month, pointing to emerging short-term price pressures driven largely by supply disruptions and global fuel developments.
Food inflation, which carries the largest weight in the CPI basket, eased slightly to 2.2 percent from 2.3 percent in March.
Sharp price declines in key food items helped moderate overall inflation, including: Fish: -51.2 percent, Garden eggs -45.3 percent, Cocoyam leaves -43.6 percent and Fresh okro -36.0 percent.
These declines collectively shaved about 15 percentage points off headline inflation, underscoring the continued role of food prices in containing cost pressures.
In contrast, tomato prices surged on a monthly basis amid regional supply shocks.
Month-on-month inflation hit 34.3 percent although year-on-year inflation remained modest at 2.6 percent. The spike follows disruptions linked to attacks on traders in Burkina Faso and a temporary export ban in March.
Rising global oil prices are beginning to pass through to domestic markets.
Petrol prices showed mixed trends with Year-on-year -9.3 percent and the Month-on-month at 17.2 percent.
This suggests fuel remains cheaper than a year ago but is rising quickly in the short term.
Transport fares, however, remain largely stable, with minimal monthly increases, reflecting a lag in fare adjustments.
Non-food inflation rose to 4.2 percent from 3.9 percent, driven mainly by services.
Services inflation climbed to 9.6 percent, while goods inflation slowed to 1.1 percent, providing some relief for consumers.
While Ghana’s inflation remains low and broadly stable, the April uptick signals early signs of renewed pressure, particularly from external shocks and supply constraints.
Source: businesspostonline
