Ghana’s inflation rate has dropped to its lowest level since the 2021 Consumer Price Index rebasing, offering a measure of relief to households and businesses navigating a tough economic climate.
According to the Ghana Statistical Service, year on year inflation declined to 3.3% in February 2026, down from 3.8% in January and a sharp fall from 23.1% recorded in February 2025.
The February figure marks the fourteenth consecutive month of declining inflation since January 2025.
The Consumer Price Index for February stood at 264.4, up from 255.9 in the same month last year. On a month-on-month basis, inflation was 0.8%, meaning prices rose slightly between January and February.
Food prices played a key role in the decline. Food inflation slowed to 2.4% from 3.9% in January. Month-on-month food inflation eased to 0.2%. Non-food inflation, however, edged up to 4.0% from 3.8%.
Imported goods recorded a sharp slowdown, with inflation easing to 0.6% from 2.0% in January. Locally produced goods saw a marginal rise to 4.5%.
At the regional level, the Savannah Region recorded the lowest inflation rate at -2.6%, while the North East Region posted the highest at 8.9%.
The sustained drop in inflation is expected to influence upcoming monetary policy decisions as authorities weigh price stability against the need to support economic growth.
