Accra:Economist and political risk specialist Dr. Theo Acheampong has projected that Ghana’s inflation could remain below 10% over the next three to four years. This projection raises hopes for more stable prices and improved purchasing power for workers in the country.
According to Ghana Web, Dr. Acheampong indicated that the government's medium-term economic projections suggest maintaining single-digit inflation beyond 2026. Speaking on Joy News, he highlighted the encouraging outlook, especially for workers concerned about the rising cost of living.
The forward projection for prices in the medium-term budget is within sub-10%, as explained by Dr. Acheampong. His comments come ahead of the 2027 Budget presentation, which is expected to outline the government’s plans for economic growth, inflation, and public spending.
Dr. Acheampong elaborated that the government’s medium-term budget framework estimates how the economy is expected to perform in the coming years. He noted that maintaining inflation below 10% could help workers benefit more from future salary increases, as slower price increases would ease pressure on household incomes.
While Dr. Acheampong expressed optimism, he stopped short of guaranteeing low inflation in 2027 and 2028, emphasizing that the outlook is based on government projections. Sustaining low inflation will be crucial for ensuring that future salary increases lead to meaningful improvements in living standards.
Single-digit inflation implies that while prices will not fall, the cost of goods and services is expected to rise more slowly, potentially offering some relief to households and businesses.