Inflation in Ghana

Ghana Inflation | Economic News & Forecasts

Ghana - Inflation

Inflation rises in July

Consumer prices rose 0.6% over the previous month in July, down from the 0.8% month-on-month increase in June. The moderation largely reflected slower price increases for food and non-food goods.

Meanwhile, inflation rose to 9.4% in July from 9.1% in June. Nevertheless, it remained within the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Lastly, annual average inflation matched June’s 9.4% print.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is unchanged from last month’s forecast, and also 9.7% 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

Exchange Rate5.480.0 %Sep 04
Stock Market0.10.0 %Sep 04

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