Ghana’s inflation rate rose slightly to 3.4% in April 2026 from 3.2% in March, signaling emerging monthly price pressures despite a sharp decline from 21.2% recorded a year earlier.
Data from the Ghana Statistical Service shows prices increased by 1.0% between March and April, suggesting that while overall inflation remains low, short-term pressures are beginning to build.
Price Pressures Shift to Services
The latest figures indicate that inflation is not broad-based but concentrated in key sectors such as housing, food, and services.
Notably, services inflation surged to 9.6% from 7.2% in March, while goods inflation slowed to 1.1% from 1.7%. This shift highlights a change in the drivers of inflation.
“This signals a shift in where price pressures are coming from, and where attention is needed,” the report noted.
Food Eases, Non-Food Rises
Food inflation declined to 2.2%, offering some relief to households. However, non-food inflation rose to 4.2%, indicating growing cost pressures in other areas of the economy.
At the same time, local inflation dropped to 4.7%, while imported inflation turned positive at 0.5%, pointing to rising external cost influences.
According to Government Statistician Alhassan Iddrisu, the data suggests inflation dynamics are evolving, with pressures gradually shifting from domestic supply factors to external and service-related costs.
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