Following the drop in inflation rate, the Government Statistician, Dr Alhassan Iddrisu, has urged the government to stay the course on fiscal discipline.
He also urged the government to sustain efforts to stabilise food prices and target investments in storage, irrigation, transport, and market access to reduce regional disparities.
To businesses, he said, with inflation easing, businesses now have room to invest in efficiency; strengthen local supply chains; • reduce inefficiencies and unnecessary costs; and • translate savings into more stable prices for consumers.
And to households, he said families can plan their budgets with greater confidence. This is the time to track spending on food, rent, and school fees, avoid non-essential expenses, and set aside small savings whenever possible to strengthen household finances.
Ghana’s inflation dropped to 3.3% in Feb 2026, down from 3.8% in Jan 2026 and below the 23.1% recorded in Feb 2025 by 19.8 ppts. This is the lowest rate since rebasing in 2021 and the 14th straight month of decline since Jan 2025.
Overall prices increased by 0.8% between Jan and Feb 2026.
Food inflation fell to 2.4% in Feb 2026, down from 3.9% in Jan 2026. Food prices increased by 0.2% between Jan and Feb 2026.
Non-food inflation rose slightly to 4.0% in Feb 2026 from 3.8% in Jan 2026. Non-food prices, also, increased by 1.2% month-to-month.
Inflation for goods slowed to 3.2% in Feb 2026 from 3.7% in Jan 2026. However, goods prices increase by 0.94% month-to-month. Since goods account for nearly ¾ of the CPI basket, the slowdown in goods inflation is a relief for consumers where it matters most.
Services inflation eased to 3.7% in Feb 2026 from 4.2% in Jan 2026. Month-on-month prices of services increased by 0.3% between Jan and Feb 2026.
Inflation for locally produced items fell to 4.5% in Feb 2026 from 4.6% in Jan 2026 whilst that for imported items decreased to 0.6% in February 2026 from 2.0% in Jan 2026.
Sharp regional differences persist as Inflation is uneven across the country. North East Region recorded the highest rate at 8.9%, while Savannah had the lowest at -5.6%. Local supply, transport costs, and market access could be driving these gaps.
