Prices of locally produced items in Ghana rose 6.9% in the year to October 2026, up from 6.4% in September, while imported inflation held at 2.4%, statistics agency GSS said on November 4. Regional rates ranged from -0.5% in the Northern Region to 9.7% in Ashanti, and four regions were above the national rate of 5.5%.
Analysis: Domestic costs, rather than the exchange rate, appear to be driving prices. The gap between local and imported inflation widened to 4.5 points from 4.0, by our calculation, and locally produced items accounted for 86.4% of overall inflation, Graphic Online reported from the release. Manufacturers and food processors that buy and sell locally are therefore likely to face faster cost growth than importers. Ashanti, at 9.7%, ran 4.2 points above the national rate. Meanwhile, prices fell in the Northern Region. November data, expected from GSS in early December, should show whether the gap keeps widening.
Source: Ghana Statistical Service, GSS Statistical Bulletin, Consumer Price Index (CPI), October 2026 (dated November 4, 2026), October 2026 and September 2026; Graphic Communications Group, Graphic Online (November 4, 2026), October 2026; Ghana Statistical Service, GSS, September 2026 CPI COICOP Annexes, Annex 5 Imported/Local, September 2026