Ghana’s year-on-year inflation rate increased to 5.3% in June 2026 from 3.7% in May, representing a 1.6 percentage point rise that was mainly driven by higher non-food prices, according to the Ghana Statistical Service (GSS). Even with the increase, inflation remained well below the 13.7% recorded in June 2025, suggesting that overall price pressures continue to ease compared with the same period last year.
Figures released by the GSS indicated that the Consumer Price Index (CPI) rose to 270.8 in June, compared with 257.3 a year earlier. On a month-on-month basis, inflation slowed to 0.2% from 1.1% in May, indicating that prices continued to increase but at a much slower pace.
Non-food inflation was the biggest contributor to the overall rise in prices, increasing to 6.3% from 4.1% in May and accounting for 68.5% of headline inflation. Food inflation also recorded a modest increase, climbing to 3.9% from 3.3% in the previous month. Meanwhile, inflation for locally produced goods rose to 6.7% from 5.0%, contributing 86.6% of headline inflation, while imported goods inflation increased to 2.3% from 0.9%.
Price increases remained more pronounced in the services sector than in goods. Services inflation eased slightly to 9.4% from 9.9% in May, whereas goods inflation rose significantly to 3.7% from 1.4%.
Across the regions, the North East Region registered the highest inflation rate at 10.2% in June, while the Bono East Region recorded the lowest rate at -4.4%, indicating a decline in average prices over the period.
The latest data indicate that although inflation edged higher after several months of moderation, Ghana continues to experience relatively low inflation compared with the same period last year. “Economists will be watching closely to see whether the June increase signals the beginning of renewed price pressures or a temporary adjustment driven by non-food items.”
