Story by: Daniel Kwabena Asare
Economist cum Private Legal Practitioner, Daniel Amateye Anim-Prempeh has attributed the recent decline in Ghana’s inflation rate to slower food price growth and a stable exchange regime.
His reaction comes following the data which has helped reduce the overall cost of living, offered businesses and consumers further relief amid the country’s economic recovery.
The annual inflation rate in Ghana fell to 4.6% in July 2026 from a six-month high of 5.3% in June, marking the first monthly decline after three consecutive increases. Food inflation slowed to 3.1% from 3.9% the month before, while non-food inflation eased marginally to 6.1% compared with 6.3% in June, as a more stable exchange rate helped curb imported inflation.
Astute economist cum Private Legal Practitioner, Daniel Amateye Anim-Prempeh who reacted to the latest data further highlighted that Ghana was expected to experience inflationary pressure during the Yuletide season due to it’s reliance on imports.
He also applauded the government for stabilizing the exchange regime, but urged further action on utility prices and transportation fares.
The cost of imported goods rose by 2% year-on-year in July, slowing from a 2.3% rise in June. On a monthly basis, the Consumer Price Index edged up by 0.1% in July, after a 0.2% increase in the previous month.
