Some regions face higher inflation than national average – GNCCI CEO
Some regions are recording inflation above the national average, despite easing price pressures overall, the Chief Executive Officer of the Ghana National Chamber of Commerce and Industry said.
The Ghana National Chamber of Commerce and Industry (GNCCI) CEO, Mark Badu-Aboagye, highlighted regional disparities in inflation despite overall easing of price pressures. The national inflation rate stands at 5.5%, but some regions are experiencing inflation above this figure. Badu-Aboagye noted that while inflation had generally been stable, there were exceptions.
He acknowledged that certain regions might exhibit inflation rates higher than the national average, based on the specific shopping baskets used for assessment.
Host questioning at Joy News' PM Express Business Edition prompted Badu-Aboagye to clarify that despite different shopping baskets, the national average remains accurate at 5.5%. Factors contributing to this stability include a stable exchange rate and manageable production costs. However, he cautioned that even with the national average, locally manufactured goods were facing rising inflation, indicating that the business environment still posed challenges.
He attributed this to an uptick in the cost of producing locally made goods, suggesting that businesses were still under pressure.
Despite these challenges, Badu-Aboagye noted that business conditions had improved compared to previous years. He described the 2026 budget as business-friendly, pointing to tax relief for businesses and consumers, alongside falling interest rates. This improvement in production costs, he suggested, might explain the single-digit inflation rate. However, there remained pressure on locally manufactured goods, underscoring that not all regions were out of the woods regarding inflation.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
