Ghana’s annual consumer inflation rate slowed to 3.2 percent in March 2026, marking the lowest level since the Consumer Price Index was rebased in 2021. Data released by the Ghana Statistical Service on Wednesday, April 1, 2026, indicated a slight decrease from the 3.3 percent recorded in February.
The latest figures represent the 15th consecutive month of declining inflation, showcasing a significant drop from the 22.4 percent reported in March 2025. Government Statistician Alhassan Iddrisu stated that the current rate is evidence of a steady return to price stability, noting that it is the lowest recorded since the 2021 rebasing.
According to Iddrisu, the trend is primarily driven by easing food prices, even as non-food items see marginal increases. Food inflation fell to 2.3 percent in March from 2.4 percent in February, with month-on-month prices dropping by 0.3 percent. Non-food inflation eased to 3.9 percent, despite a 0.3 percent monthly increase in that category.
Goods inflation saw a more pronounced decline, falling to 1.7 percent from 3.2 percent in the previous month, supported by a 1.0 percent decrease in goods prices. However, on a month-on-month basis, overall prices rose by 0.1 percent between February and March, suggesting that underlying price pressures persist despite the sustained annual decline.