The Ghana inflation rate edged up to 5.2% in September 2026 from 5.0% in August, ending the recent downward trend in consumer price growth.
Latest data from the Ghana Statistical Service show that inflation nevertheless remains well below the 9.4% recorded in September 2025.
Month on month inflation stood at 1.1%, meaning the general price level increased by that margin between August and September.
The September increase was driven mainly by non food inflation, which reached 6.2%, compared with 4.0% for food.
Non food items accounted for 63.3% of overall inflation, while food contributed 36.7%.
Services Remain Major Source of Pressure
Services inflation remained elevated at 8.3%, almost twice the 4.2% recorded for goods.
Housing, water and energy recorded inflation of 10.3%, while restaurants and hotels posted 9.2%.
The figures suggest that the current price pressures are increasingly concentrated in services and other domestically driven components of the consumer basket.
Locally produced items recorded inflation of 6.4%, significantly higher than the 2.4% recorded for imported goods.
According to the GSS, locally produced items accounted for 85.7% of total inflation in September.
Ashanti Records Highest Regional Inflation
Inflation also varied sharply across regions.
Ashanti recorded the highest rate at 9.8%, followed by Eastern Region at 7.8%. Greater Accra recorded 3.4%, while Western Region posted the lowest inflation rate at negative 0.5%.
Some individual food items showed far larger price movements than the headline inflation figure.
Fresh tomato prices increased by 153.4% year on year, while ginger rose by 100.4%.
Lime prices, however, declined by 29.9%, with maize falling by 26.4%.
Despite September’s marginal rise, Ghana’s inflation rate has fallen by 4.2 percentage points over the past year.
The latest figures, however, show that domestic price pressures have not disappeared, particularly in services, housing and locally produced goods.
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