Oppong Nkrumah questions credibility of January inflation figures
The Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, has questioned the credibility of Ghana’s January 2026 inflation figures, arguing that the data does not reflect the lived realities of ordinary Ghanaians in the marketplace.
According to figures released by the Ghana Statistical Service (GSS) on Wednesday, February 4, inflation fell to 3.8 percent in January, representing a 1.6 percentage point decline from the 5.4 percent recorded in December 2025. GSS attributed the slowdown to easing price pressures across selected goods and services.
However, reacting to the announcement, the Ofoase-Ayirebi Member of Parliament said prevailing market conditions tell a different story. He noted that feedback from constituents and the general public sharply contradicts the official data.
Speaking on the reported decline, Oppong Nkrumah said Parliament would seek further clarification from the Government Statistician to reconcile the figures with the actual cost-of-living pressures faced by 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.
He further criticised the government’s approach to inflation management, arguing that current policies focus more on restricting money supply rather than addressing underlying production and supply-side challenges in the economy.
