Inflation for March 2026 Drops to 3.2%

The Ghana Statistical Service (GSS) has reported an inflation rate of 3.2% for March 2026, marking the 15th consecutive decrease in inflation.

Inflation is down from 3.3% recorded in February 2026,
The Government Statistician, Dr Alhassan Iddrisu, explained that, on average, prices are 3.2% higher in March 2026 than they were in February 2025.

He reported that Food inflation declined to 2.3% in March from 2.4% in February 2026, while non-food inflation eased to 3.9% from 4%.

While inflation for goods slowed sharply to 1.7% from 3.2%, inflation for services increased to 7.2% from 3.7%.

Inflation for locally produced items increased to 4.9% from 4.5%, while imported goods recorded -0.6%

Regional
Regionally, the North East region recorded the highest at 8.6% while Savannah recorded the lowest at -4.6%.

“The differences were driven by local supply conditions, transport cost, and market access.”

Drivers
He outlined five items as the main drivers behind the 3.2% Consumer Price Inflation rate recorded in March 2026.

These items include charcoal, green plantain, smoked herrings, SHS fees, and onions.

They contributed 61.5% of the total inflation, according to the Government Statistician, Dr Alhassan Iddrisu.

“Most of the pressure households feel is coming from a very small group of everyday essentials.”

Items with Dropping Prices
In addition, he outlined five other items that contributed to the easing in the general inflation rate.

According to him, garden eggs reduced by 60.3%, fried fish by 50.1%, pawpaw by 49.6%, Cocoyam leaves by 46.7% and fresh okro by 44.7%.

“They reduced overall inflation by 18.3%,” he said.

Recommendation
Dr Iddrisu recommended that the government maintain discipline and continue investing in food systems, storage, transport and market access.

He advised businesses to take advantage of the opportunity to improve efficiency, strengthen local supply chains and pass on cost savings to consumers, while households were urged to plan spending carefully, focus on essentials and build small savings where possible.

Story by Hajara Fuseini

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