Inflation Rate in Ghana decreased to 3.30 percent in February from 3.80 percent in January of 2026. This dataset provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2021, the inflation rate in Ghana amounted to about 9.98 percent compared to the previous year. Ghana’s inflation peaked at almost 17.5 percent in 2016 and is predicted to decrease to 8 percent by 2030. Steady is best for inflationAccording to economists, a steady inflation rate between two and three percent is desirable to achieve a stable economy in a country. Inflation is the increase in the price level of consumer goods and services over a certain time period. A high inflation rate is often caused by excessive money supply and can turn into hyperinflation, i.e. if inflation occurs too quickly and rapidly, it can devalue currency and cause a recession and even economic collapse. This scenario is currently taking place in Venezuela , for example. The opposite of inflation, the decrease in the price level of goods and services below zero percent, is called deflation. While hyperinflation devalues money, deflation usually increases its value. Both events can damage an economy severely. Is Ghana’s economy at risk?Ghana’s economy is considered quite stable and fast-growing, and is rich in oil, diamonds, and gold. After struggling in the years around 2015 due to increased government spending and plummeting oil prices, it is now on an upswing again. This is also reflected in the decreasing inflation rate, and other key indicators like unemployment and rapid GDP growth support this theory. However, Ghana’s government debt is still struggling with the consequences of the 2015 crisis and forecast to keep skyrocketing during the next few years.

Graph and download economic data for Inflation, consumer prices for Ghana (FPCPITOTLZGGHA) from 1965 to 2024 about Ghana, consumer, CPI, inflation, price index, indexes, and price.

Cost of food in Ghana increased 2.40 percent in February of 2026 over the same month in the previous year. This dataset provides - Ghana Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Ghana increased 0.80 percent in February of 2026 over the previous month. This dataset provides - Ghana Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Ghana was 5.4 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 6.36 percent. Compared to a year ago, we see a decrease from the inflation...

In November 2021, the inflation rate in Ghana increased to 12.2 percent over the same month in 2020. The year-on-year rate was 1.2 percentage points higher, compared to October 2021. That month, the inflation stood at 11 percent.

Inflation, monthly percent change in the CPI in Ghana, December, 2025 The most recent value is 0.89 percent as of December 2025, a decline compared to the previous value of 0.93 percent. Historically, the average for Ghana from February 2000 to December 2025 is 1.26 percent. The minimum of -1.52 percent was recorded in September 2011, while the maximum of 12.8 percent was reached in February 2003. | TheGlobalEconomy.com

As of September 2023, the year-on-year inflation rate for food and non-food in Ghana was highest in the Eastern region, which registered **** percent. As of the same date, the Ashanti region recorded the lowest yearly rate in prices of goods and services in the country at **** percent.

In April 2025, the food and non-alcoholic beverage inflation rate in Ghana increased by 25 percent over the same month in 2024. Moreover, considering the period observed, the year-on-year rate was highest in January 2023.

Ghana: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 22.8 percent, a decline from 38.1 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Ghana from 1965 to 2024 is 27.2 percent. The minimum value, -8.4 percent, was reached in 1967 while the maximum of 122.9 percent was recorded in 1983.

Historical dataset showing Ghana inflation rate by year from 1965 to 2024.

Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data was reported at 10.500 % in Oct 2018. This records a decrease from the previous number of 10.800 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data is updated monthly, averaging 12.650 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 17.900 % in Jul 2016 and a record low of 10.500 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I006: Core Inflation Rates.

The annual average consumer price index in Ghana amounted to ****** points in 2024. Following a continuous upward trend, the index has risen by ****** points since 1980. Between 2024 and 2030, the index will rise by ****** points, continuing its consistent upward trajectory.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

Inflation, consumer prices (annual %) in Ghana was reported at 22.85 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2026.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Ghana was 5.4 pour cent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 6.36 pour cent. Compared to a year ago, we see a decrease from the...

Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data was reported at 5.500 % in Feb 2026. This records an increase from the previous number of 3.700 % for Jan 2026. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data is updated monthly, averaging 29.500 % from Jan 2019 (Median) to Feb 2026, with 86 observations. The data reached an all-time high of 54.400 % in Dec 2022 and a record low of 3.700 % in Jan 2026. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I010: Core Inflation Rates.

View yearly updates and historical trends for Ghana Inflation. Source: World Bank. Track economic data with YCharts analytics.

Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data was reported at 11.200 % in Oct 2018. This records a decrease from the previous number of 11.900 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data is updated monthly, averaging 16.900 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 24.900 % in Mar 2016 and a record low of 11.200 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I006: Core Inflation Rates.

The total consumer spending in Ghana was forecast to continuously increase between 2024 and 2029 by in total 23.3 billion U.S. dollars (+36.36 percent). After the fifth consecutive increasing year, the consumer spending is estimated to reach 87.4 billion U.S. dollars and therefore a new peak in 2029. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending in countries like Nigeria and Senegal.