ACCRA, May 6 – Ghana’s consumer inflation rose for the first time since December 2024, pointing to early signs of renewed price pressures as the economy stabilises.
Data from the national statistics service showed annual inflation increased to 3.4% in April, up from 3.2% in March.
According to Alhassan Iddrisu, the uptick was largely driven by higher costs in services, including transport, education, restaurants and accommodation.
While inflation remains relatively subdued, the latest data suggest a gradual upward trend is emerging. Iddrisu noted that food inflation was lower compared with the same period last year, helping to moderate overall price growth.
Ghana, a major producer of gold, oil and cocoa, has been recovering from one of its most severe economic crises in decades. However, global shocks and regional disruptions are beginning to push up food and fuel prices again, though the impact has yet to fully filter through across the broader economy.
The modest increase in inflation underscores a fragile recovery, as policymakers balance improving economic conditions with emerging external pressures.
