Economist and private legal practitioner, Daniel A. Anim-Prempeh, has described the decline in Ghana’s headline inflation as progressive, even though many households are yet to feel its impact.

His comments follow the announcement by the Government Statistician that Ghana’s inflation rate declined to 3.8 percent in January 2026.

According to him, improvements in key macroeconomic indicators do not immediately translate into higher incomes or improved living standards for citizens.

In an interview with GhanaWeb Business on January 5, 2026, Anim-Prempeh explained that the stabilisation of the economy presents an opportunity for government to introduce growth-oriented policies that can stimulate expansion, create jobs, and generate income.

Ghana's inflation drops further to 3.8% in January 2026

He noted that the current disconnect between easing inflation and household welfare is expected, stressing that macroeconomic stability must first be consolidated before its benefits are felt at the micro level.

“People are asking a question that is not reflecting in their pockets. The truth is that it takes time for macroeconomic indicators to translate into incomes and improve the living standards of people,” he said.

He added that the decline further signals a positive trajectory for the economy.

Anim-Prempeh emphasised that the full benefits of this trend can only be realised through policies that effectively translate into household-level improvements.

“Government must roll out growth policies, and it is these growth policies that will really translate into incomes, job creation, and opportunities across the board. But I must admit that the macroeconomic stability and the indicators are showing a very positive signal, and that is good at the macro level. At the micro level, however, you need growth to be able to achieve that,” he added.

SP/MA

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