Ghana’s steady decline in inflation has paused, with the rate edging up to 3.4% in April 2026 after 15 consecutive months of easing price pressures.
New data from the Ghana Statistical Service shows a 0.2 percentage point increase from the 3.2% recorded in March. The figures point to a modest rebound in consumer prices after a prolonged period of stability.
On a month-on-month basis, inflation stood at 1.0% in April, indicating a pickup in short-term price movements.
Presenting the data in Accra on Wednesday, May 6, Government Statistician Dr Alhassan Iddrisu said the increase was largely driven by rising costs in housing, water, electricity, gas, and other fuels. This category contributed more than 37% of the overall inflation figure.
He explained that the Consumer Price Index rose to 267.3 in April 2026, up from 258.6 in April 2025, reflecting the year-on-year inflation rate of 3.4%.
“In simple terms, prices are 3.4% higher than they were a year ago,” he said. “On a monthly basis, prices increased by 1% between March and April 2026, and inflation has gone up slightly by 0.2 percentage points compared to March.”
Despite the increase, Dr Iddrisu noted that inflation remains significantly lower than the same period last year.
“When compared to April 2025, inflation has dropped sharply by 17.8 percentage points. This shows that while inflation is still low, we are beginning to see a slight upward movement,” he added.
The latest development may complicate expectations for a near-term easing of monetary policy, as authorities monitor whether the upward trend persists.
