Ghana’s inflation calm looks fragile as factory prices signal rising pressure

• Producer inflation edges up slightly in March
• Underlying cost pressures remain uneven across sectors

ACCRA, GHANA – Ghana’s producer inflation ticked up in March, signalling that beneath a calm headline inflation environment, cost pressures are quietly re-emerging across parts of the economy.

Producer price inflation rose to 1.5% in March 2026, from 1.4% in February, according to the Ghana Statistical Service. The increase appears modest, but the broader signal is more complex — pointing to an economy that is stabilising, yet still navigating uneven cost dynamics.