World Bank Projects Fertiliser Price Spike, Warns of Food Inflation Risks for Ghana

The World Bank has warned that global fertiliser prices are set to rise sharply in 2026, a development that could drive up food production costs and increase food inflation risks in Sub-Saharan Africa, including Ghana.
According to the April 2026 edition of its Commodity Markets Outlook, fertiliser prices are projected to surge by approximately 30.7 percent in 2026 before easing in 2027 as supply conditions improve.
The report highlights that fertiliser markets remain highly sensitive to global energy prices and geopolitical developments, particularly due to the reliance on natural gas as a key input in fertiliser production.
The anticipated price increase is expected to significantly raise production costs for farmers worldwide. In developing regions, especially across Sub-Saharan Africa, higher fertiliser costs could limit farmers’ access to essential inputs, potentially affecting crop yields and overall food supply.
For Ghana, which relies heavily on imported fertiliser to support its agricultural sector, the projected surge could place additional pressure on food prices and increase the cost of living for households.
While prices are expected to moderate in 2027, the World Bank cautions that the short-term spike could still exacerbate food inflation and heighten food security concerns, particularly in low-income economies.