Ghana’s inflation rises to 5.0% in August as domestic costs drive price pressures
Ghana's inflation rate rose to 5.0% in August 2026, marking the second consecutive monthly increase. Price pressures are primarily driven by domestic services, particularly housing and transport, despite a slight decline in food inflation.
Why it matters
Rising inflation in essential services impacts the cost of living for the general population and challenges the central bank's efforts to maintain price stability.
Ghana’s year-on-year inflation rate rose to 5.0% in August 2026, up from 4.6% in July, according to the latest figures from the Ghana Statistical Service (GSS ).
The 0.4 percentage-point increase marks the second consecutive monthly rise in inflation, signalling renewed pressure on the country’s recent disinflation gains.
Despite the increase, the August rate remained 0.5 percentage points below the 5.5% recorded in August 2025.
The latest data show that inflationary pressures are increasingly concentrated in domestically produced goods and services, with housing, transport and other services recording some of the highest increases.
Non-food inflation rose marginally to 6.8% in August, from 6.7% in July, and accounted for 70.9% of total inflation, compared with 29.1% for food.
Services inflation also increased to 8.6%, from 8.5% in July, while goods inflation rose to 3.8% from 3.6%.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in