Economic trends show shifting inflation and growth in Ghana, India, and Nigeria

Several African and Asian economies are reporting shifts in inflation and growth patterns. In Ghana, the annual inflation rate fell to 4.6% in July 2026, down from 5.3% in June, driven by easing food prices. The economy grew by 5.1% in May 2026, though growth was increasingly driven by the Services sector (7.2%) while Agriculture slowed to 3.6%. To support the cedi, which faced a 10.61% depreciation by late July, the Bank of Ghana has sold over $8 billion through foreign exchange programs since January 2026.

In India, wholesale price inflation (WPI) eased to 9.78% in July 2026 from 9.87% in June. This moderation was primarily due to a decline in fuel and power inflation, which dropped to 20.05% from 27.41%. However, inflation in manufactured products and primary articles saw increases.

In Nigeria, economists project headline inflation will ease to 15.51% in July, a slight decrease from 15.91% in June, reflecting improved macroeconomic stability and exchange-rate conditions.