Ghana’s cost-of-living pressures continued to ease in February 2026, with inflation slowing to 3.3 per cent from 3.8 per cent in January, according to the Ghana Statistical Service.
The February rate represents the fourteenth straight month of year-on-year declines and is the lowest level seen since the Consumer Price Index was rebased in 2021.
This while prices are still rising, they are doing so at a much slower pace than they were a year ago. The index stood at 264.4 in February 2026, compared to 255.9 in the same month of 2025.
On a monthly basis, prices edged up by 0.8 per cent between January and February, indicating relatively mild increases.
Over the past 12 months, inflation has dropped by nearly 20 percentage points, a remarkable shift for an economy that not long ago was battling soaring food prices, currency pressures and widespread household strain.
Food prices, which carry significant weight in the inflation basket, offered some of the clearest relief. Food inflation declined to 2.4 per cent in February from 3.9 per cent in January, while month-on-month increases were minimal at just 0.2 per cent. This slowdown has been particularly important for households, as food and non-alcoholic beverages account for a large share of everyday spending.
Non-food items told a slightly different story. Inflation in this category inched up to 4.0 per cent in February from 3.8 per cent in January.
On a monthly basis, non-food prices rose by 1.2 per cent, reversing the marginal decline recorded the previous month.
Imported goods showed notable stability, with year-on-year inflation easing sharply to 0.6 per cent from 2.0 per cent in January.
Month-on-month, prices of imported items dipped marginally, suggesting that recent currency stability may be helping to contain costs. Meanwhile, locally produced goods recorded year-on-year inflation of 4.5 per cent, slightly higher than January’s 4.4 per cent, with a monthly increase of 1.2 per cent.
Price movements varied across the regions. The Savannah Region posted the lowest inflation rate at negative 2.6 per cent, meaning prices were lower there than a year ago. In contrast, the North East Region recorded the highest rate at 8.9 per cent, more than twice the national average.
