Ghana’s inflation rate increased marginally to 5.2% in September 2026, from 5.0% in August, ending the downward trend recorded in recent months.
The latest data from the Ghana Statistical Service (GSS) show that despite the uptick, inflation remains significantly below the 9.4% recorded in September 2025.
Month-on-month inflation stood at 1.1%, indicating that average prices increased by that rate between August and September.
The increase was largely driven by non-food items, which recorded inflation of 6.2%, compared with 4.0% for food.
Non-food items accounted for 63.3% of total inflation, while food contributed the remaining 36.7%.
Services remain key pressure point
The services sector continues to be a major source of price pressure, with inflation reaching 8.3%, almost twice the 4.2% recorded for goods.
Within the sector, housing, water and energy recorded inflation of 10.3%, while restaurants and hotels recorded 9.2%.
The latest figures also suggest that domestic factors are playing an increasingly important role in driving inflation.
Inflation for locally produced items stood at 6.4%, compared with 2.4% for imported items, with locally produced goods accounting for 85.7% of total inflation.
Regional disparities
Inflation varied significantly across the regions, with Ashanti recording the highest rate at 9.8%, followed by Eastern at 7.8%.
Greater Accra recorded inflation of 3.4%, while Western recorded the lowest rate at -0.5%.
Some food products recorded sharp year-on-year price increases. Fresh tomatoes rose by 153.4%, while ginger increased by 100.4%.
In contrast, prices of lime and maize declined by 29.9% and 26.4%, respectively.
Overall, the GSS said inflation has fallen by 4.2 percentage points over the past year, from 9.4% in September 2025 to 5.2% in September 2026.
However, the latest increase points to continued domestic price pressures, particularly within the services sector.
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