Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Inflation across West Africa is projected to decline sharply to 11.1 percent in 2026, down from 15.7 percent in 2025, reflecting easing food prices, moderating global cost pressures and improved macroeconomic stability, according to the PwC 2026 West Africa Economic Outlook report.
PwC said inflationary pressures across the sub-region moderated steadily in 2025, supported by improved supply conditions and stabilising food and energy prices.
In Nigeria, headline inflation is expected to maintain a downward trajectory in 2026 as food prices stabilise and policy measures continue to support price moderation.
Ghana’s inflation performance showed a sharper deceleration, with headline inflation falling to 5.4 percent in December 2025, supported by a strong decline in both food and non-food inflation, alongside easing price pressures for locally produced and imported goods.
Looking ahead, the report expects Ghana’s inflation to stabilise near the Bank of Ghana’s target band of 8 percent ±2 percent, translating to a range of 6 to 10 percent, as macroeconomic conditions improve and price stability gains are sustained.
Source: newsthemegh.com