Inflation in Ghana

Ghana Inflation | Economic News & Forecasts

Ghana - Inflation

Inflation edges up in February

Consumer prices rose 1.0% in monthly terms in February, unchanged from January’s reading. All 12 components of the index posted month-on-month increases, led by higher prices for hotels, cafes and restaurants, and clothing and footwear.

Meanwhile, inflation rose from an over five-year low of 9.0% in January to 9.2% in February. Nevertheless, inflation remained within the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Lastly, annual average inflation eased to 9.6% in February from 9.7% in January, marking a five-year low.


Ghana Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 9.7% in 2019, which is up 0.1 percentage points from last month’s forecast, and 9.5% in 2020.

Ghana - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)8.3  15.5  17.2  17.5  12.4  

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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

ValueChangeDate
Exchange Rate5.640.0 %Mar 11
Stock Market0.10.0 %Mar 11

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