Inflation in Ghana rose slightly in September 2026, reaching 5.2% year-on-year, according to data released by the Ghana Statistical Service (GSS) on October 7. This marks a small increase from the 5% recorded in August, but it is still much lower than the 9.4% seen in September 2025. The gradual decline in inflation over the past year suggests a continuing trend of disinflation, or falling price increases, which has been observed in several months. Alhassan Iddrisu, the country's chief statistician, reported the monthly inflation rate for September 2026 as 1.1%. Food prices saw a faster increase, rising from 3% in August to 4% in September. However, inflation in non-food items slowed down, dropping from 6.8% in August to 6.2% in September. Despite this slowdown, non-food items still contributed the most to overall inflation, making up over 63% of the total rate. The services sector remained a major driver of inflation, with a rate of 8.3%, compared to 4.2% for goods. This highlights the growing influence of service-related costs on the overall inflation rate. Among the main categories of consumer spending, housing, water, electricity, gas, and other fuels had the highest inflation rate at 10.3%. Restaurants and hotels also experienced significant price increases, with an inflation rate of 9.2%, while transport costs rose by 5.7%. In response to these trends, the Bank of Ghana decided to keep its main policy interest rate unchanged at 14% in the previous month. The central bank stated that inflationary pressures remain under control and emphasized the need to maintain monetary stability. At the same time, the Ghanaian economy has shown consistent growth, with real gross domestic product (GDP) increasing by 6% in the second quarter of 2026. This is slightly lower than the 6.6% growth recorded in the same period a year earlier. The expansion has been largely driven by the services and industrial sectors, indicating a broad-based economic recovery. This growth, combined with the ongoing disinflation trend, suggests a more stable economic environment in the country.