Some regions face higher inflation than national average – GNCCI CEO

The CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, pointed out that some regions in Ghana are experiencing inflation rates higher than the national average of 5.5 percent. Despite overall easing of price pressures, Mr. Badu-Aboagye highlighted that the national figure does not encompass the diverse experiences across different regions.

While acknowledging the stability of inflation, he pointed out that certain areas, including certain regions, show inflation rates higher than the national average. This observation came after a discussion on Joy News’ PM Express Business Edition, where a host questioned whether the easing inflation matched the consumers' lived experiences.

Mr. Badu-Aboagye clarified that the national average is determined based on an average shopping basket, which is why the national average stands at 5.5 percent. He attributes the broad stability in inflation partly to the stable exchange rate and the cost of production. However, he cautioned that while the overall inflation rate remains manageable, the cost of locally manufactured goods has seen an uptick, indicating that businesses still face pressure.

Mr. Badu-Aboagye also noted that business conditions have improved compared to previous years, with the 2026 budget being largely business-friendly, featuring tax relief for businesses and consumers, alongside falling interest rates. He attributed part of the low inflation to businesses exercising restraint in price hikes. Despite these positive indicators, he emphasized that the situation for locally manufactured goods remains challenging.