Economist Dr. Evans Nunoo has attributed Ghana’s recent drop in inflation largely to more predictable exchange rates and stable fuel prices, which directly influence the cost of imported goods and services.
His remarks come as Ghana’s inflation rate fell to 3.8% in January 2026, the lowest level since the 2021 rebasing of the Consumer Price Index (CPI) and marking the 13th consecutive month of decline, according to the Ghana Statistical Service.
Speaking on Morning Starr with Naa Dedei Tettey on Thursday, February 5, Dr. Nunoo explained the significance of the development for households and businesses.
“It means that there is no planning time; we can now plan well. Whether you are an investor, a business person, or even you a consumer, because you can easily anticipate what prices will be in the future… you can really plan for that money and to know how much you are going to save and even have a smooth savings behavior,” he said.
Dr. Nunoo added that the stability particularly benefits those on fixed incomes.
“You can now have some comfort… your purchasing power will not be eroded because prices will be galloping, and so it’s good for producers to plan. It’s good for consumers to plan as well.”
He noted that Ghana’s steady exchange rates, coupled with controlled fuel pricing, have reduced volatility in import costs, contributing to the sustained downward trend in inflation.
Source: Starrfm.com.gh
