Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. This was the lowest reading since the 2021 rebasing, as the cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%). Inflation for domestically produced goods rose to 4.9% in March from 4.5% in February. Meanwhile, prices for imported goods fell by 0.6%, after a 0.6% rise in February, likely reflecting favorable exchange rate effects. On a monthly basis, the CPI rose by 0.1%, after increasing by 0.8% in the previous month.