FX.co ★ Ghana’s Annual Inflation Edges Up to 5.0% in August 2026

Ghana’s consumer price inflation ticked higher in August 2026, with the year-over-year Consumer Price Index (CPI) rising to 5.00%, up from 4.60% in July 2026. The data, updated on 2 September 2026, show a modest acceleration in price growth as measured against the same month a year earlier.

The comparison is on a year-over-year basis, meaning the August figure reflects how prices changed relative to August of the previous year, while the July reading captured the annual change versus July a year earlier. The pickup from 4.60% to 5.00% suggests inflationary pressures have strengthened slightly, but remain relatively contained within a narrow band over the two-month period.

Market participants and policymakers will be watching subsequent releases closely to determine whether this move represents the start of a firmer upward trend in inflation or a short-term fluctuation in Ghana’s price dynamics.