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Ghana’s inflation has nearly doubled in June as high fuel prices caused by the war with Iran have continued to strain the economy. Prices increased by 5.3% in June, up from 3.7% in May, with transport fares, rent, and school fees being the main drivers.
Despite the increase, inflation remains significantly lower than the 13.7% recorded in June 2025.
Ghana’s economy has been on a recovery trajectory since the start of an IMF program in 2023. It followed the country’s debt default in 2022, as the COVID-19 pandemic and the impact of the war in Ukraine weakened the economy.
