Inflation to return to medium-term target of 8 ± 2% – BoG

According to the Central Bank’s May 2026 Monetary Policy Report, headline inflation picked up marginally in April 2026, marking the first increase since the disinflation process began in December 2024.

The Bank of Ghana has stated that headline inflation is expected to return to the medium-term target of 8 ± 2% barring any shocks.

Despite the uptick, the Bank’s core inflation measures, which exclude energy and utility items, continued to decline, highlighting that the increase in inflation was not broad based.