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Ghana's inflation rises in June as high fuel prices persist

Ghanaian President John Dramani Mahama delivers a speech at the opening session of the “One Health Summit” in Lyon,France,on Tuesday,April 7,2026

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Copyright © africanews

Christophe Petit Tesson/Pool Photo via AP

By Africanews

Last updated:

03/07 - 16:42

Ghana

Ghana's inflation nearly doubled in June as high fuel prices caused by the war on Iran continued to rattle the economy.

Prices rose to 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 trend since an IMF program in 2023. It came after the country defaulted on its debt in 2022,as the Covid-19 pandemic and effects of the war in Ukraine hamstrang the economy.

The country returned to the local bond market in April,launching a 7-year cedi-denominated treasury bond to support the 2026 budget.

This is the first domestic bond issuance since the 2022 debt default.

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