Ghana's May 2026 inflation was shaped largely by locally produced items, which accounted for about 92% of total inflation. Food inflation rose to 3.3%, with rent payments, fresh tomatoes, and secondary school fees among the key contributors to price pressures on household budgets.
3 June 2026 · Joy Online →
Fuel prices in Ghana showed mixed movements in May 2026 as global oil shocks filtered into domestic pricing, but transport fares remained subdued, with taxi fares declining 4.9% year-on-year and bus and truck fares falling 6.6%, according to the Ghana Statistical Service. The government's suspension and partial withdrawal of selected petroleum levies has also contributed to price stability, though analysts caution that delayed transport fare adjustments could affect inflation dynamics.
3 June 2026 · Joy Online →
Fresh tomato prices rose 35.8% year-on-year and 38.8% month-on-month between April and May 2026, driven by supply disruptions including an attack on Ghanaian traders in Burkina Faso in February and an export ban in March. The sharp increase has been a major driver of food inflation, which rose to 3.3% in May from 2.2% in April.
3 June 2026 · Joy Online →
Ghana's year-on-year inflation increased to 3.7% in May 2026 from 3.4% in April, marking a second consecutive monthly rise. Despite the recent increase, inflation has fallen sharply from 18.4% a year ago, significantly easing pressure on household budgets.
3 June 2026 · Joy Online →