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Inflation falls to 3.3% in February, lowest since 2021 rebasing
March 4, 2026
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Inflation falls to 3.3% in February, lowest since 2021 rebasing

Money
Policy
Opportunity
Growth

Key Points

  • Ghana's inflation rate dropped to 3.3 per cent in February 2026, a significant fall from 3.8 per cent in January and 23.1 per cent a year ago.
  • This marks the 14th consecutive monthly decline and the lowest inflation rate recorded since the CPI rebasing in 2021.
  • Food inflation eased sharply to 2.4 per cent, while non-food inflation slightly increased to 4.0 per cent.
  • Inflation for imported goods significantly eased to 0.6 per cent, reflecting cedi stability, though locally produced goods saw a slight rise to 4.5 per cent.
  • Regional inflation varied widely, from -2.6 per cent in Savannah to 8.9 per cent in North East, with the overall trend expected to influence the Bank of Ghana's monetary policy.

Why This Matters

This significant drop in inflation offers much-needed relief to Ghanaian households by easing living costs and signals increasing economic stability. It sets the stage for potential adjustments in monetary policy by the Bank of Ghana, which could foster a more favorable environment for investment and consumption, ultimately supporting broader economic recovery and growth.

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