Ghana’s inflation rate dropped further in March to 3.2%, down from 3.3% in February, according to the data released by the Ghana Statistical Service (GSS) on Wednesday in Accra.
The March figure shows sustained disinflation trend and reinforcing signs of macroeconomic stabilisation after years of sustained price pressures.
Commenting on the data, the Government Statistician, Dr. Alhassan Iddrisu, stated that the figure for March is the 15th consecutive month of declining inflation and represents a sharp drop from 22.4 per cent recorded in March 2025.
He explained that the latest figure is the lowest recorded since the rebasing of the Consumer Price Index in 2021 and described it as evidence of a steady return to price stability.
According to him, moderation in inflation rate continues to be largely driven by easing food prices, although non-food items are still registering marginal increases.
An analysis of the data showed that on a monthly basis, prices edged up by 0.1 per cent between February and March, indicating that while annual inflation is slowing, underlying price pressures have not fully dissipated.
Food inflation declined to 2.3 per cent in March from 2.4 per cent in February with prices falling by 0.3 per cent month-on-month, while Non-food inflation also eased marginally to 3.9 per cent, though prices in that category rose by 0.3 per cent over the same period.
GIK/APA