Inflation rose slightly to 3.4% in April 2026 from 3.2% recorded in March 2026.
The increase was driven by higher costs for charcoal, rent, senior high school fees, smoked fish, and utilities, even as average transport fares fell by about 3.4% over the year.
Housing, utilities, and fuel remained the biggest contributors to inflation.
According to the Ghana Statistical Service’s Consumer Price Index, overall prices increased by 1.0% between March and April.
Food and non-food inflation continued to move in different directions.
Food inflation eased slightly to 2.2% from 2.3%, while non-food inflation rose to 4.2% from 3.9%, reflecting a 1.1% monthly increase in non-food prices.
This shows that pressure on household spending is coming from different parts of the economy.
The report noted that “inflation for goods slowed to 1.1% in Apr 2026 from 1.7% in Mar 2026”, offering some relief to consumers.
However, services inflation jumped sharply from 7.2% to 9.6%, largely due to rising housing and utility costs.
Regionally, inflation varied widely.
The North East Region recorded the highest rate at 9.5%, while the Savannah Region had the lowest at -3.5%.
On a monthly basis, food prices rose by 0.8%, indicating ongoing supply chain pressures affecting basic goods.
The data suggests that differences in local supply chains, transport costs, and market access are driving these regional gaps.
While goods inflation slowed important because goods make up about three-quarters of the CPI basket; services inflation rose significantly, highlighting structural differences between goods and service pricing.
Policymakers have been urged to act to protect vulnerable households.
The report recommends that the government “maintain fiscal discipline, invest in food systems especially storage, irrigation, and transport, and address regional inequalities in market access.” Dr. Alhassan Iddrisu, Government Statistician, cautioned.
