Ghana’s inflation rate declined to 3.3 per cent in February 2026, representing the 14th consecutive monthly decline and the lowest level recorded since the Consumer Price Index (CPI) was rebased in 2021, according to the Ghana Statistical Service (GSS).
The Government Statistician, Dr Alhassan Iddrisu, announced on Wednesday that the CPI rose from 255.9 in February 2025 to 264.4 in February 2026, translating into a year-on-year increase of 3.3 per cent in the general price level. Month-on-month, prices edged up by a modest 0.8 per cent between January and February this year.
“The steady drop in inflation from 23.1 per cent in February 2025 to 3.3 per cent in February 2026 shows a sustained shift in prices, signalling a firm path to macroeconomic stability,” Dr Iddrisu said.
He described the February 2026 year-on-year inflation as “the 14th consecutive drop in inflation since January 2025, the lowest inflation since price rebasing in 2021, 0.5 percentage points drop from the January 2026 inflation of 3.8 per cent, and 19.8 percentage points drop from the February 2025 inflation of 23.1 per cent.”
On food prices, he said that the February rate marks a 19.8 percentage point plunge from the 23.1 per cent recorded in the same month last year.
Local media reports quoted Dr Iddrisu as saying that the price of goods and services increased by 3.3 per cent between February 2025 and February 2026, while the month-on-month inflation rate of 0.8 per cent indicates only modest upward movement in the short term.
GIK/APA