Inflation in Ghana

Ghana Inflation | Economic News & Forecasts

Ghana - Inflation

Inflation hits over one-year high in October

Consumer prices rose a seasonally-adjusted 0.61% from the previous month in October, ticking down from September’s 0.64% increase. October’s result was chiefly due to slower price growth for food.

Inflation came in at 11.0% in October, up from September’s 10.6% result and marking the highest rate since July 2020. Meanwhile, the trend remained pointed up, with annual average inflation coming in at 9.6% (September 9.5%).

FocusEconomics panelists see inflation averaging 9.2% in 2022, which is up 0.3 percentage points from last month’s projection, and 9.0% in 2023.

Ghana - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)17.2  17.5  12.4  9.8  8.7  

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Ghana Inflation Chart

Ghana Inflation
Note: Inflation, annual average variation of consumer price index (CPI) in %.
Source: Ghana Statistical Services

Ghana Facts

Value Change Date
Exchange Rate5.700.0 %Jan 01
Stock Market0.10.0 %Dec 31

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