Ghana’s year-on-year inflation rate rose to 5.0% in August 2026, increasing from the 4.6% recorded in July 2026, according to the latest data released by the Ghana Statistical Service (GSS).
The 0.4 percentage-point increase in Ghana’s inflation rate represents the second consecutive monthly rise, raising fresh concerns about the country’s recent disinflation gains and economic outlook.
Despite the monthly increase, the August 2026 inflation rate remains 0.5 percentage points lower than the 5.5% recorded in August 2025, indicating that overall price growth is still below the level seen a year earlier.
The latest Ghana inflation data show that domestic factors are becoming increasingly important drivers of price increases. Housing costs, transport expenses and other services are among the areas contributing significantly to inflation and the rising cost of living in Ghana.
Meanwhile, inflation associated with imported goods and services remains relatively low, suggesting that domestic price pressures are currently playing a greater role in shaping Ghana’s inflation outlook.
The latest figures will be closely watched by households, businesses, investors and policymakers as Ghana continues efforts to maintain economic stability, control inflation and protect purchasing power.
Source: newsthemegh.com