Headline inflation in Ghana has slipped from 3.8% in January 2026 to 3.3% in February, 2026 marking the lowest rate since the 2021 rebasing and the 14th straight month of decline (since January 2025).
It also way down from the 23.1% recorded in February 2025 suggesting that overall price rise stays modest between January and Feb 2026.
The Government Statistician at the Ghana Statistical Service, Dr. Alhassan Iddrisu revealed this at news conference in Accra on Wednesday 4th February, 2026.
According to him Food inflation dropped from 3.9% in January to 2.4% in February 2026, with food prices rising just 0.2%month‑to‑month.
The Non‑food inflation rose to 4.0% in February from 3.8% in January, with non‑food prices climbing 1.2% month‑to‑month.
He said, Goods inflation slows to 3.2%– Goods inflation fell from 3.7% to 3.2%, even though goods prices rose 0.94% month‑to‑month.
Since goods make up about ¾ of the CPI basket, this slowdown is a relief for consumers, he added.
The Services inflation dropped from 4.2% in January to 3.7% in February, with service prices up only 0.3% between the two months.
Inflation for locally produced goods slipped from 4.6% to 4.5%, while imported items saw a sharper decline from 2.0% to 0.6% in Feb.
At the Regional level, inflation is uneven across Ghana, “the North East Region hit the highest rate of 8.9%, while the Savannah region recorded the lowest at –5.6%. Factors like local supply, transport costs, and market access are driving these regional differences”.
Current, inflation is trending downward, with food and goods prices giving consumers some breathing room, though non‑food and regional price pressures remain to be watched.
