Ghana’s inflation rate dropped to 3.3% in February 2026, down from 3.8% in January and a stark contrast to 23.1% a year earlier, according to the Ghana Statistical Service (GSS).
The latest Consumer Price Index (CPI) data highlights ongoing relief for households after years of soaring costs. This marks the 14th straight monthly decline since January 2025 and the lowest rate post-2021 CPI rebasing. The CPI reached 264.4 in February, up 3.3% from 255.9 the previous year, with a modest month-on-month rise of 0.8%.
Over the past year, inflation has plunged 19.8 points, easing a severe cost-of-living crisis.
Food Prices Cool Sharply
Food inflation (42.7% CPI weight) fell to 2.4% from 3.9%, with a tiny 0.2% monthly increase. Non-food inflation ticked up slightly to 4.0% (from 3.8%), with a 1.2% monthly rise.
Imported goods showed stability, with year-on-year inflation at 0.6% (down from 2.0%) and a -0.02% monthly dip, crediting the cedi’s steadiness. Local goods inflation edged to 4.5% yearly (from 4.4%), up 1.2% monthly.
Regional Divide
Inflation varied widely: Savannah Region saw deflation at -2.6%, while North East hit 8.9% over twice the national average.
This trend could shape the Bank of Ghana’s next policy moves.
Story by: Merccy Addai Turkson#ahotorfmonline.ccom