Inflation in Ghana
Ghana - Inflation
Inflation increases to six-month high in April
Consumer prices rose 1.1% over the previous month in April, following a 1.2% month-on-month increase in March. The reading largely reflected markedly higher prices for clothing and footwear, and miscellaneous goods and services, which more than offset lower prices for health.
Meanwhile, inflation edged up from 9.3% in March, to 9.5% in April, marking the highest reading in six months. 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 remained stable at the previous month’s 9.5% in April.
FocusEconomics Consensus Forecast panelists expect inflation to average 9.7% in 2019, which is up 0.2 percentage points from last month’s forecast, and also 9.7% in 2020.
Ghana - Inflation Data
|Inflation Rate (CPI, annual variation in %)||8.3||15.5||17.2||17.5||12.4|
5 years of economic forecasts for more than 30 economic indicators.
Ghana Inflation Chart
Source: Ghana Statistical Services
|Exchange Rate||5.23||0.0 %||May 13|
|Stock Market||0.1||0.0 %||May 13|
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May 16, 2019
Consumer prices rose 1.1% over the previous month in April, following a 1.2% month-on-month increase in March.
May 6, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) ticked down from 51.5 points in March to 51.2 in April.
April 18, 2019
The economy logged a robust performance in the final quarter of 2018, although the pace of expansion moderated somewhat.
April 15, 2019
Consumer prices rose 1.2% over the previous month in March, following a 1.0% month-on-month increase in February.
April 15, 2019
The Ghanaian cedi bounced back at the outset of the second quarter, after depreciating sharply in Q1.