The Government Statistician, Dr Alhassan Iddrisu, has urged the government to maintain fiscal discipline and invest in food systems, especially storage, irrigation, and transport.
This comes on the back of an increase in the inflation rate.
He also asked the government to address regional inequalities in market access.
To businesses, he urged them to improve efficiency, strengthen local supply chains, reduce avoidable costs, and, where possible, pass savings on to consumers.
To households, he urged them to track their spending carefully, focus on essential items, avoid unnecessary expenses, and build small savings whenever possible.
Ghana’s inflation increased to 3.7% in May 2026, up from 3.4% in April 2026 and below the 18.4% recorded in May 2025 by 14.7 percentage points. Overall prices increased by 1.1% between April and May 2026. Food inflation rose to 3.3% in May 2026 from 2.2% in April 2026.
Food prices increased by 2.0% between April and May 2026. Non-food inflation decreased to 4.1% in May 2026 from 4.2% in April 2026. Non-food prices, however, increased by 0.4% month-on-month. Inflation for goods increased to 1.4% in May 2026 from 1.1% in April 2026.
However, goods prices increased by 0.8% month-on-month. Since goods account for nearly three-quarters of the Consumer Price Index (CPI) basket, the increase in goods inflation is of great concern to consumers.
Services inflation rose to 9.9% in May 2026 from 9.6% in April 2026. Month-on-month prices of services increased by 0.9% between April and May 2026.
Inflation for locally produced items rose to 5.0% in May 2026 from 4.7% in April 2026, whilst that for imported items increased to 0.9% in May 2026 from 0.5% in April 2026.
Sharp regional differences persist as inflation remains uneven across the country. The North East Region recorded the highest rate at 10.1%, while the Savannah Region had the lowest at -3.0%. Local supply, transport costs, and market access could be driving these gaps.
Source:3news.com