According to the latest data released by the Ghana Statistical Service (GSS), the inflation rate for March 2026 has decreased to 3.2%.
This figure represents a decline from the 3.3% recorded in February 2026 and a significant drop from 22.4% in March 2025, translating to a 19.2 percentage point decrease year-on-year.
The GSS explained that this is the lowest inflation rate recorded since the 2021 rebasing exercise and marks the 15th consecutive month of disinflation since January 2025, signalling sustained macroeconomic stability.
Despite the overall decline in annual inflation, prices modestly increased by 0.1% between February and March 2026, indicating a slight month-on-month rise in the general price level.
Food and non-food inflation trends continued to ease, with food inflation dropping to 2.3% in March 2026 from 2.4% in February and non-food inflation falling to 3.9% in March from 4.0% in February.
On a monthly basis, food prices declined by 0.3%, offering some relief to households, while non-food prices increased by 0.3%. Inflation for goods significantly slowed to 1.7% in March 2026, down from 3.2% in February, with goods prices falling by 1.0% month-on-month.
Meanwhile, services inflation rose sharply to 7.2% in March, up from 3.7% in February, with services prices increasing by 0.4% month-on-month. Locally produced goods inflation increased to 4.9% in March, compared to 4.5% in February, while inflation for imported goods dropped significantly to -0.6%, down from 0.6% in February.
The report also captured significant regional variations in inflation across the country, with the North East Region recording the highest inflation rate and the Savannah Region posting the lowest rate at -4.6%, indicating price declines in that area.
By: Rainbowradioonline.com/Ghana
