3.8% inflation doesn’t match market reality — Oppong Nkrumah

The Ranking Member of Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has raised concerns about the credibility of Ghana’s January 2026 inflation figures, saying they do not reflect the everyday experiences of Ghanaians in local markets.

Data released by the Ghana Statistical Service (GSS) on Wednesday, February 4, showed inflation falling to 3.8 percent in January, down from 5.4 percent in December 2025.

The GSS attributed the decline to reduced price pressures on certain goods and services.

However, reacting to the figures, the Ofoase-Ayirebi Member of Parliament argued that conditions on the ground tell a different story.

He said feedback from his constituents and the wider public suggests that the cost of living remains high, contradicting the official data.

Oppong Nkrumah added that Parliament would request further clarification from the Government Statistician to better understand the figures and reconcile them with the real cost-of-living challenges facing ordinary citizens.

“As I am hearing that figure, I am also getting a lot of messages from people who are saying that what they see on the market doesn’t exactly correspond with that. I am sure when the government’s statistician appears before us [Parliament], we will have an opportunity to interrogate the data that they have and match it to what is really happening on the market.

“Ghanaians buy from the markets, and they will be the best judges to tell us whether what they are experiencing on the market is 3.8% or not. What the government is doing to achieve this inflationary target is not actually tackling the supply side; it is actually sterilising a lot of money from the system.”

Oppong Nkrumah stressed that inflation figures must not only be technically sound but also align with the everyday experiences of consumers who purchase food items and basic necessities from local markets across the country.

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