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    Home»Nigeria Economy»Ghana’s inflation drops to 3.8% in January, lowest level in nearly 30 years
    Nigeria Economy

    Ghana’s inflation drops to 3.8% in January, lowest level in nearly 30 years

    NigeriaNewzBy NigeriaNewzFebruary 5, 2026No Comments2 Mins Read
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    Ghana’s inflation price fell sharply in January 2026, easing to three.8 per cent from 5.4 per cent in December, based on the nation’s statistician-general.

    Alhassan Iddrisu introduced the figures at a press briefing on Wednesday, saying the decline marked a decisive slowdown in value pressures throughout the financial system, Reuters reported.

    Iddrisu stated the 1.6 percentage-point drop in headline inflation was pushed largely by falling meals costs, alongside a broad-based moderation in non-food gadgets. Meals inflation eased to three.9 per cent in January from 4.9 per cent a month earlier, whereas non-food inflation fell extra sharply, to three.9 per cent from 5.8 per cent.

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    He described the January studying because the lowest inflation price recorded since Ghana rebased its shopper value index in 2021, including that it represented an virtually three-decade low.

    “The sustained decline alerts that Ghana is firmly on a path in direction of value stability,” Iddrisu stated.

    Ghana’s inflation has fallen steadily from a report 54.1 per cent in December 2022, following a interval of extreme financial pressure. Inflation closed 2023 at 23.2 per cent, rose once more in early 2024, and ended that yr at 23.8 per cent earlier than resuming a downward pattern.

    By September 2025, inflation had dropped to 9.4 per cent, the primary single-digit studying since August 2021. The newest determine now locations inflation inside the Financial institution of Ghana’s goal vary of 8 per cent, with a tolerance band of plus or minus two share factors.

    Oluwatosin Ogunjuyigbe

    Oluwatosin Ogunjuyigbe is a author and journalist who covers enterprise, finance, know-how, and the altering forces shaping Nigeria’s financial system. He focuses on turning complicated concepts into clear, compelling tales.



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