Consumer prices rose 4.6% in July, down from 5.3% in June, the first monthly decline since March. It also says most inflation in Ghana comes from local goods and services, meaning transport and energy costs remain important. Ghana, a major producer of gold, oil and cocoa, is still working its way out of one of its worst economic crises in decades. The finance ministry says its main economic targets remain unchanged, and that the recovery is still on track. The country returned to the local bond market in April, launching a 7-year cedi-denominated treasury bond to support the 2026 budget.