Inflation in Ghana

Ghana Inflation | Economic News & Forecasts

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

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 Rate5.230.0 %May 13
Stock Market0.10.0 %May 13

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