Deloitte mentioned in its month-to-month inflation outlook that rising gasoline prices pose a threat to Ghana’s 2026 inflation outlook, as greater oil costs are handed on to greater power prices and transport fares.
In accordance with the report, the Financial institution of Ghana is predicted to sluggish the tempo of charge cuts and undertake a cautious stance as inflationary pressures mount.
The report added that seasonality might result in greater meals inflation within the coming months as provides of key crops comparable to maize, rice and cassava lower, placing upward strain on meals indices.
Equally, non-food inflation is predicted to rise regularly as a result of greater housing, utility and transportation prices. “Potential trade charge fluctuation pressures affecting imports and upward changes in service prices might additionally improve inflationary pressures on this sub-index.”
Inflation rose barely by 0.2 proportion level to three.4% in April 2026, marking the primary turnaround after 15 consecutive months of decline.
The month-on-month inflation charge additionally accelerated, reaching 1.0% from 0.1% in March 2026, the best month-to-month charge of improve since February 2025.
Moreover, year-on-year meals inflation fell to 2.2% from 2.3% in March 2026. This was pushed by improved home provide situations, favorable seasonal elements for crops comparable to okra, kontomire, watermelon and backyard eggs, and sustained stability within the cedi, which reduces the price of imported inputs.
Once more, non-food inflation rose to 4.2% from 3.9% in March. This is because of rising gasoline costs resulting in elevated transport prices and structural rigidity of housing, utilities (water/gasoline/electrical energy).
The highest 5 sectors with the best inflation charges in April 2026 had been housing, water, electrical energy, gasoline and different fuels (12.48%). insurance coverage and monetary providers (7.9%), training providers (7.5%). eating places and lodging providers (7.5%) and recreation, sports activities and tradition (4.8%).
