Business
Ghana Set to Achieve Single-Digit Inflation by Q1 2026
Despite Recent Rise, Ghana Expected to Return to Single-Digit Inflation by Early 2026
- Ghana's annual consumer inflation rate climbed to 23% in November 2024
- This upward trend was primarily driven by rising food prices
- IC Research has predicted that Ghana will return to single-digit inflation in the first quarter of 2026.
Ghana’s annual consumer inflation rate climbed to 23% in November 2024, marking the sharpest increase since May.
This upward trend was primarily driven by rising food prices, particularly for staple items like beans and yams.
While the cedi has shown some signs of stability, and the Bank of Ghana has taken steps to curb inflation, challenges remain.
IC Research has revised its forecast, predicting that Ghana will return to single-digit inflation in the first quarter of 2026.
However, the research firm highlighted potential risks, such as renewed external policy uncertainty and potential government policy changes, which could impact the pace of disinflation.
