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Savannah records lowest inflation rate in Ghana at -3.0%

While inflation edged up nationally for the second consecutive month in May 2026, the Savannah Region stood out as the only part of the country where prices declined compared to a year ago.

The latest Consumer Price Index (CPI) report released by the Ghana Statistical Service (GSS) showed that the Savannah Region recorded a year-on-year inflation rate of -3.0%, the lowest among all 16 regions.

This comes at a time when Ghana’s national inflation rate rose to 3.7% in May from 3.4% in April, signalling a gradual reversal of the country’s recent disinflation trend.

According to the GSS, “at the regional level, the year-on-year inflation rate ranged from -3.0 percent in the Savannah Region to 10.1 percent in the North East Region.”

The negative inflation figure means that, on average, consumers in the Savannah Region paid less for goods and services in May 2026 than they did during the same period last year.

The region’s performance contrasts sharply with developments across much of the country.

The GSS reported that “eight regions recorded an inflation rate above the national average of 3.7 percent,” highlighting the extent to which Savannah diverged from broader inflationary pressures.

The data also reveal a stark gap between regions. While Savannah recorded falling prices, the North East Region posted inflation of 10.1%, more than 13 percentage points higher.

Variations in transport costs, local food production, market supply conditions and consumer spending patterns can all contribute to differences in regional inflation outcomes.

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