Locally produced goods and services accounted for 85.7% of Ghana’s inflation in September 2026, pointing to domestic price pressures as the main source of inflation rather than imported costs.
Data from the Ghana Statistical Service (GSS) show that inflation for locally produced items stood at 6.4% in September, significantly higher than the 2.4% recorded for imported items.
The figures suggest that the recent movement in Ghana’s inflation is being driven largely by what is happening within the domestic economy.
This is reflected in several areas where prices remain elevated. Housing, water, electricity, gas and other fuels recorded inflation of 10.3%, making the division one of the largest contributors to overall inflation at 25.6%.
Transport also recorded inflation of 5.7%, while restaurants and hotels recorded 9.2%.
Services continue to be an important source of domestic price pressure. Services inflation stood at 8.3% in September, almost twice the 4.2% inflation recorded for goods.
The difference is even wider when compared with imported items, whose inflation rate was just 2.4%.
The GSS data therefore point to a price environment where domestic costs are playing a much larger role in inflation than imported goods.
Food prices also contributed to the September increase. Food inflation rose to 4.0% from 3.0% in August, while monthly food inflation increased to 1.5%, following a 2.6% decline in August.
However, the domestic inflation picture is not uniform. Some locally available food items recorded sharp price increases, while others became cheaper compared with a year earlier.
Fresh tomatoes recorded the largest increase at 153.4%, followed by ginger at 100.4% and shrimps at 62.8%. At the other end, lime prices fell 29.9%, while maize prices declined 26.4%.
The figures highlight the uneven nature of Ghana’s inflation, even as the overall rate stood at 5.2% in September.
