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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Ghana’s inflation rate increased to 3.7% in May 2026, marking a second consecutive monthly rise, although overall price pressures remain significantly lower than a year ago.
Speaking at the release of the May Consumer Price Index (CPI), Government Statistician Dr. Alhassan Iddrisu said the country’s year-on-year inflation rate rose from 3.4% in April to 3.7% in May, representing a 0.3 percentage-point increase.
“In plain language, the goods and services that an average household buys cost 3.7% more in May 2026 than they did in May 2025,” he explained.
According to the Ghana Statistical Service, the Consumer Price Index rose to 270.2 in May 2026 from 260.5 in May 2025.
Despite the recent increase, Dr. Iddrisu noted that inflation has fallen sharply compared to the same period last year when it stood at 18.4%.
Source: newsthemegh.com