The Ghana Statistical Service has announced a decline in inflation rate down from 3.3% to 3.2% in March, 2026, significantly lower than the 22.4% recorded a year earlier, signaling a strong rebound in price stability.
In the Service data report by Government Statistician, Dr. Alhassan Iddrisu, he emphasized that on a month-on-month inflation rose by just 0.1%, reflecting minimal price pressure between February and March.
However, inflation remains concentrated in a narrow set of items rather than widespread across goods and services.
“Inflation in March 2026 is not broad-based. Just five items, charcoal, green plantain, smoked herrings, senior secondary school fees, and onions, account for 61.5% of total inflation. A small number of essentials are driving most of the price pressure,” the report pointed out.
According to the report, price surges were particularly pronounced for ginger (61.0%), green plantain (59.0%), charcoal (53.0%), cashew (47.0%), and palm fruits (39.6%), together contributing 38.3% to total inflation.
On the other hand, several food items saw substantial price declines, easing overall inflationary pressure.
“Some prices are falling sharply, helping to reduce inflation: Garden eggs (-60.3%), fried fish (-50.1%), pawpaw (-49.6%), cocoyam leaves (-46.7%), and fresh okro (-44.7%). With inflation easing to 3.2%,” the report outlined.
Ghana Statistical Service further urged businesses to leverage calmer price environment while households are encouraged to plan spending and build savings as the cost of living eases.
Source: Ernest Kelvin Okanta
