Ghana's inflation rises marginally to 3.4% in April, up from 3.2% in March — GSS

Ghana’s inflation rate edged up slightly in April 2026, reflecting a mild increase in consumer prices after months of relative stability.

The new figure, however, still points to a significant slowdown compared to the same period last year.

The April rate ends a fifteen consecutive months decline since January 2025.

The latest update was released by the Ghana Statistical Service (GSS) during the presentation of the Consumer Price Index and inflation data on Wednesday, May 6.

Delivering the presentation, Government Statistician, Dr. Alhassan Iddrisu, explained that inflation remains under control despite the marginal increase.

“Inflation rose to 3.4% in April 2026, from 3.2% in March, but remains far below the 21.2% recorded a year ago,” he said.

He noted that price movements were not widespread but concentrated in specific sectors of the economy.

“Inflation in April 2026 is not widespread. It is driven by a few key areas including housing, food, and services, while many other prices remain stable or are declining,” Dr. Iddrisu noted.

According to the GSS, goods inflation slowed from 1.7% in March to 1.1% in April, while services inflation rose to 9.6%.

Food inflation also eased to 2.2%, but non-food inflation increased to 4.2%, indicating shifting price pressures across sectors.

The service sector is now driving most of the inflationary movement, even as local inflation declined and imported inflation turned slightly positive.

Meanwhile, the marginal increase in inflation comes amid ongoing conflict in the Middle East, involving military action by Israel and the United States against Iran.

The conflict has reportedly led to disruptions in the Strait of Hormuz, a critical corridor for global fuel transportation, resulting in rising fuel costs that are affecting other sectors.