Ghana’s inflation rises to 3.4% in April, halting 15-month disinflation trend
Ghana’s disinflation trend has stalled, with headline inflation rising to 3.4% in April 2026—the first increase after 15 consecutive months of declining price pressures—dampening expectations of an imminent monetary policy easing.
Data released by the Ghana Statistical Service shows a 0.2 percentage point increase from the 3.2% recorded in March, indicating 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, pointing to a pickup in short-term price pressures.
Presenting the data in Accra on Wednesday, May 6, Government Statistician, Dr. Alhassan Iddrisu, attributed the increase largely to the housing, water, electricity, gas, and other fuels category, which contributed more than 37% of the overall inflation rate.
He noted that the Consumer Price Index rose to 267.3 in April 2026, up from 258.6 in April 2025, translating into a year-on-year inflation rate of 3.4%.
Dr. Iddrisu explained that, in simple terms, prices are 3.4% higher than they were a year ago. Month-on-month inflation stood at 1%, meaning prices increased by 1% between March and April 2026.
He added that inflation rose by 0.2 percentage points compared to March, signalling a slight upward movement in prices.
However, he noted that inflation has dropped significantly by 17.8 percentage points compared to April 2025, indicating that overall price levels remain relatively low despite the recent uptick.
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