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May 6, 2026
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Inflation inches up to 3.4% in April 2026
Money
Policy
Opportunity
Growth
Key Points
- Ghana's inflation rate marginally increased to 3.4% in April 2026, up from 3.2% in March.
- The rise was primarily driven by higher prices for charcoal, rent, senior high school fees, smoked fish, and utilities, despite a decline in transport fares.
- Non-food inflation rose to 4.2%, while food inflation slightly eased to 2.2%; services inflation surged to 9.6% due to housing and utility costs.
- Regionally, North East recorded the highest inflation at 9.5%, and Savannah Region the lowest at -3.5%.
- The Government Statistician advised policymakers to maintain fiscal discipline and invest in food systems, including storage, irrigation, and transport infrastructure, to address structural inflation and regional disparities.
Why This Matters
This marginal inflation increase, particularly in essential non-food items and services, directly affects the cost of living for Ghanaian households and their purchasing power. The call for fiscal discipline and strategic investments in food systems underscores critical areas for policymakers to ensure economic stability, food security, and address regional inequalities in market access.
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