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NEWBank of Ghana warns inflation could rise to 5.3%

The Bank of Ghana has warned that increasing transport and haulage costs, alongside potential fare and utility tariff hikes, could significantly fuel inflation. Governor Dr. Johnson Asiama noted that headline inflation has already climbed for three consecutive months, reaching 5.3% in June 2026 from 3.2% in March. This trend is largely driven by transport and haulage prices. The Monetary Policy Committee is assessing whether these increases are temporary or signal a more persistent inflationary trend requiring a policy response. The central bank is also examining how external commodity price pressures might combine with domestic factors to shape the inflation outlook, particularly focusing on whether these pressures are influencing public expectations and pricing behaviors across the economy.