Ghana’s inflation rate dropped sharply to 3.3 percent in February 2026, marking the 14th consecutive month of decline and the lowest level recorded in more than a decade.
The Ministry of Finance announced the figures in Accra, describing the sustained decline as a major milestone in the country’s economic recovery. The latest rate represents a dramatic turnaround from the 52.8 percent inflation recorded in February 2023, and steady progress from 23.2 percent in February 2024 and 23.1 percent in February 2025.
Officials attributed the improvement to consistent fiscal discipline, tighter monetary policy, and structural reforms aimed at stabilising prices and restoring consumer confidence. The Ministry noted that the downward trend reflects resilience in the economy and renewed prospects for growth.
Economic analysts say the sharp fall in inflation could ease pressure on households and businesses, while creating room for lower interest rates and expanded investment. However, they caution that sustaining the gains will require continued vigilance against external shocks, particularly global commodity price fluctuations and exchange rate volatility.
The announcement has been welcomed by market observers and development partners, who view the decline as evidence of Ghana’s commitment to macroeconomic stability.
With inflation now at single digits, the Ministry of Finance reaffirmed its determination to consolidate progress and ensure that the benefits of price stability translate into improved living standards for citizens.
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