Ghana’s annual consumer inflation saw a slight uptick to 3.4% in April 2026, rising from 3.2% the previous month, according to the latest data from the Ghana Statistical Service.
The marginal increase was primarily fueled by rising costs in rent, utilities, charcoal, senior high school fees, and smoked fish. These hikes outweighed a 3.4% year-on-year decrease in average transport fares. Housing, water, electricity, and fuels emerged as the primary drivers of price growth during the period, with the overall month-on-month Consumer Price Index (CPI) increasing by 1.0% between March and April.
The report revealed a significant divergence between sectors. While year-on-year food inflation dipped slightly to 2.2% from 2.3% in March, non-food inflation climbed to 4.2% from 3.9%. On a monthly basis, non-food prices rose by 1.1%, while food prices grew by 0.8%, reflecting ongoing supply-chain pressures.
Structural data further highlights a cooling in the price of physical commodities compared to a spike in the cost of services. Government Statistician Dr. Alhassan Iddrisu noted that “inflation for goods slowed to 1.1% in Apr 2026 from 1.7% in Mar 2026,” offering some relief to households since goods make up approximately 75% of the CPI basket. Conversely, services inflation jumped from 7.2% to 9.6%, largely due to higher housing fees and utility adjustments.
Regional disparities remained stark across the country. The North East Region recorded the highest inflation rate at 9.5%, while the Savannah Region saw the lowest at -3.5%.
Addressing the economic outlook, Dr. Iddrisu emphasized that the government must “maintain fiscal discipline, invest in food systems – especially storage, irrigation, and transport, and address regional inequalities in market access” to protect vulnerable consumers from further price volatility.