Ghana inflation rises for second month, hits 5.2% in September
Ghana’s annual inflation rate rose for a second consecutive month to 5.2% in September, from 5% in August, as service price pressures strengthened. The post Ghana inflation rises for second month, hits 5.2% in September…
Ghana's inflation trajectory has been closely watched across West Africa as a benchmark of the relative success of the Bank of Ghana's disinflation efforts, after the country battled a severe cost-of-living crisis and debt restructuring in 2022-2023 that pushed inflation to multi-year highs. Having brought price growth down sharply over the past year, Ghana's single-digit inflation rate stands in sharp contrast to Nigeria's, where headline inflation remains significantly higher, making Ghana's monetary policy path a frequent point of comparison for Nigerian economists and investors.
Both Nairametrics and BusinessDay report the same core figures — inflation climbing to 5.2% in September from 5% in August, marking a second straight monthly increase — with Nairametrics additionally attributing the uptick to strengthening service price pressures. Neither report details the breakdown between food and non-food inflation, the central bank's policy response, or how this compares to Ghana's inflation target range, leaving open questions about whether the rise signals a broader reversal or a temporary blip.