Ghana’s annual consumer inflation rose to 5.3% in June 2026, up from 3.7% in May, marking the third consecutive monthly increase after reaching a low of 3.2% in March, according to the Ghana Statistical Service (GSS).
Despite the increase, inflation remains well below the 13.7% recorded in June last year, indicating that while price pressures have picked up in recent months, the broader disinflation trend over the past year remains intact.
The latest data show that the renewed rise in inflation is being driven less by food prices and more by everyday services and other non-food expenses faced by households.
Non-food inflation accelerated to 6.3% in June from 4.1% in May, accounting for 68.5% of overall inflation. Services inflation remained elevated at 9.4%, significantly higher than the 3.7% recorded for goods, highlighting persistent cost pressures in areas such as transport, housing, education and accommodation.
Food inflation also increased, though at a slower pace, rising to 3.9% from 3.3% in May and contributing 31.5% of headline inflation.
On a month-on-month basis, however, price increases eased considerably. Consumer prices rose by 0.2% between May and June, compared with 1.1% in the previous month, suggesting that while annual inflation has moved higher, the pace of monthly price increases remains relatively subdued.
One of the most notable shifts in the June data was transport. Annual inflation in the transport division surged to 9.1% from -2.8% in May, making it the second-largest contributor to headline inflation after food and non-alcoholic beverages. Bus and trotro fares alone accounted for 10.5% of overall inflation, making them the single biggest contributor among individual items.
Rent and education also featured prominently among the main drivers of inflation. Payments for rent contributed 8.4% to headline inflation, while secondary school fees accounted for 7.2%, underscoring the growing role of household services in shaping the cost of living.
The report also shows that inflation pressures are increasingly home-grown. Inflation for locally produced goods reached 6.7%, compared with 2.3% for imported items. Locally produced goods and services accounted for 86.6% of total inflation, suggesting domestic supply and production costs are playing a much larger role than imported price pressures.
Food prices continued to present a mixed picture. While overall food inflation remained relatively modest, some individual products recorded sharp increases. Ginger prices more than doubled over the past year, rising 102.5%, while shrimps increased 90.8% and mangoes 87.2%. In contrast, the prices of kontomire, garden eggs, maize and beans all declined significantly compared with a year earlier.
Inflation also varied widely across the country. The North East Region recorded the highest annual inflation rate at 10.2%, while Bono East entered deflation with inflation of -4.4%. Together, Greater Accra and Ashanti accounted for nearly two-thirds of headline inflation, reflecting their larger weights in the national consumer basket.
The June figures suggest that Ghana’s inflation landscape is changing. While food prices remain an important component of household spending, the latest increase in inflation reflects growing pressure from transport, housing, education and other services that are becoming increasingly important drivers of the overall cost of living.
