Ghana’s inflation rate declined to 3.8 percent in January 2026, down from 5.4 percent recorded in December 2025.
The Ghana Statistical Service disclosed this on Wednesday, noting that inflation eased by 1.6 percentage points on a month-to-month basis.
According to the data, the decline was largely driven by a reduction in food inflation, which fell to 3.9 percent in January.
The latest figures point to improving price stability in the cocoa-producing West African country and represent the lowest inflation rate recorded since Ghana’s Consumer Price Index was rebased in 2021.
Speaking during a press briefing, the Government Statistician, Alhassan Iddrisu, said the trend reflects sustained progress in stabilizing prices.
“The continued decline shows that Ghana is firmly on the path toward price stability,” Iddrisu said.
Meanwhile, the Nigerian government is expected to release the country’s January 2026 consumer price index and inflation data on February 16. In December, the National Bureau of Statistics reported that Nigeria’s inflation rate fell to 15.15 percent, even as many Nigerians continue to grapple with rising living costs.
Eze Chidiebere Paul
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