Ghana’s inflation drops for 14th straight month, February rate drops to 3.3%

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File photo Inflation

Ghana’s inflation has declined for the 14th straight month, with February rate falling to 3.3 per cent.

The 3.3 percent inflation drop marks Ghana’s lowest inflation rate since 2021.

According to the latest Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS), February 2026 inflation now stands at 3.3 per cent from 3.8 per cent in January 2026.

“The CPI for February 2026 stood at 264.4, up from 255.9 in February 2025, translating into a year-on-year inflation rate of 3.3 per cent. On a month-on-month basis, inflation was 0.8 percent, indicating that the general price level increased by 0.8 percent between January and February 2026”.

“A breakdown of the data shows a significant easing in food inflation, while non-food inflation edged up slightly. Food inflation (including non-alcoholic beverages), which carries a weight of 42.7 per cent in the CPI basket, slowed to 2.4 per cent in February 2026 from 3.9 per cent in January 2026 — a 1.5 percentage point decline,” the report by Citinews stated.

Meanwhile, Minority Leader Alexander Afenyo-Markin has quizzed the John Mahama government whether Ghanaians are going to eat inflation.

Afenyo-Markin highlighted that what is inflation on paper when it has no effect on the pocket of the ordinary Ghanaian.

According to him, macroeconomic stability can be achieved on paper for the IMF and World Bank, but the real stability is when the Ghanaian people go to the market and experience lower prices. 

Speaking to the media after President John Mahama delivered the 2026 State of the Nation Address, Afenyo-Markin stated, “He talks about inflation having come down. Are we going to eat inflation? What is inflation on paper when it does not affect the pocket of the ordinary Ghanaian?”

“If the President is talking about Macroeconomic stability, you can achieve stability on paper for the IMF and World Bank, but the real stability is when the Ghanaian people go to the market and experience lower prices on foodstuffs.

But when they are complaining, you cannot use paper inflation to claim credit and ask us to applaud you. We will not applaud the government, we are not interested”. 

In parliament, speaking in response to the 2026 State of the Nation Address, Afenyo-Markin quizzed President John Dramani Mahama if Ghanaans are going to eat macroeconomic indicators and inflation.

According to Afenyo-Markin, the cocoa farmers have reduced the producer price, and Ghanaians continue to suffer under galamsey hardship.

Speaking in response to the 2026 State of the Nation Address, Afenyo-Markin stated, “As we speak, there is a scandal looming in security services recruitment, Trybe Net. We know who brought that company to the Ministry. Karma has a way, and the Minority will pursue the person and make sure there is full disclosure.

“The cocoa farmers have reduced the producer price, and Eric Opoku cannot be found, and they are telling us, Inflation, macroeconomics, Macroeconomics ‘na ye be di…Ghanaians continue to suffer under galamsey hardship, and we expect concrete action to be taken on galamsey.

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