Ghana’s inflation rate rose to 5.3% in June 2026, up from 3.7% in May, marking the third consecutive monthly increase, according to the latest data from the Ghana Statistical Service (GSS).
Despite the rise, inflation remains significantly lower than the 13.7% recorded in June 2025, suggesting that the broader disinflation trend is still intact.
The latest figures show a mixed inflation landscape, with easing prices for several staple foods being offset by rising costs in transport, housing, education and selected food items.
Among agricultural commodities, price movements were highly uneven. Ginger recorded the highest inflation increase at 102.5% year-on-year, followed by shrimps (90.8%), mangoes (87.2%), bananas (47.8%), avocado pear (43.8%), fresh coconut (39.3%) and palm fruits (37.8%).
However, improved supply conditions led to sharp price declines in some staples, including kontomire, which fell by 38%, alongside decreases in garden eggs, maize, millet and beans.
Food inflation rose slightly to 3.9% from 3.3%, while non-food inflation increased more sharply to 6.3% from 4.1%.
Services remained the main driver of inflation, with services inflation reaching 9.4%, significantly higher than goods inflation at 3.7%.
Transport fares contributed the most to headline inflation at 10.5%, followed by rental costs at 8.4% and secondary school fees at 7.2%, highlighting the growing impact of service-related expenses on household budgets.
The GSS noted that inflation is increasingly driven by locally produced goods, which accounted for 86.6% of headline inflation, while imported inflation remained relatively low at 2.3%, reflecting exchange rate stability and easing global commodity prices.
Government Statistician Dr. Alhassan Iddrisu said the inflation pattern reflects persistent domestic cost pressures rather than external shocks.
Analysts note that while improved agricultural supply is helping to moderate food prices, structural issues in transport, housing and education continue to sustain inflationary pressure, making the disinflation process uneven and sector-dependent.
