The Ghana Statistical Service (GSS) has urged households and businesses to adopt prudent financial practices, following the continued decline in inflation in January 2026.
According to the latest Consumer Price Index (CPI) report, the easing price pressures present an opportunity for families to better manage their finances.
“This is a good time to plan budgets with greater confidence, prioritise essentials, avoid non-essential spending, and save where possible,” the Service advised.
The GSS also called on businesses to use the improving economic conditions to strengthen operations and reduce costs.
It encouraged firms to “invest in efficiency, strengthen local supply chains, reduce unnecessary costs, and translate savings into more stable prices for consumers.”
The Service noted that improved productivity and cost management would help sustain the disinflation trend and protect consumers from sudden price shocks.
Beyond households and businesses, the report placed responsibility on government to maintain fiscal discipline and deepen interventions in the food sector.
The GSS recommended sustained efforts to stabilise food prices, particularly through increased investment in “storage, irrigation, transport, and market access to reduce regional disparities.”
It explained that weak infrastructure and supply chain challenges continue to influence food prices in some parts of the country.
Despite the national decline in inflation, the report highlighted persistent regional disparities.
“The North East Region recorded the highest rate at 11.2%, while Savannah had the lowest at -2.6%,” the GSS revealed.
The Service attributed these variations to differences in “local supply, transport costs, and market access.”
Greater Accra and Ashanti regions were identified as the biggest contributors to national inflation, accounting for over 44 per cent of total inflationary pressure.
The report indicated that the slowdown in goods inflation has provided some relief to consumers.
Inflation for goods declined sharply, a development the GSS described as “a relief for consumers where it matters most,” given that goods constitute nearly three-quarters of the CPI basket.
Key items influencing inflation included charcoal, green plantain, smoked herrings, ginger, and cinema and cultural services.
Meanwhile, falling prices of garden eggs, tomatoes, fried fish and cocoyam leaves helped to moderate overall inflation.
Presenting the report, Government Statistician Dr Alhassan Iddrisu said the latest figures reflect improving price stability and strengthening macroeconomic conditions.
The GSS believes that sustained discipline by households, businesses and government will be critical in consolidating the gains made so far and ensuring that the benefits of lower inflation are felt across all regions of the country.
