Concerning the 13 selected food market segments, the segment 'Fish & Seafood' has the largest price per unit with ***** U.S. dollars. Contrastingly, 'Pet Food' is ranked last, with **** U.S. dollars. Their difference, compared to Fish & Seafood, lies at ***** U.S. dollars.

Cost of food in Ghana increased 22.80 percent in May of 2025 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.

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.

Statistics illustrates monthly prices of capital goods in Ghana from January 2019 to April 2025.

Canned food exports from Ghana was estimated at 15K tons in 2023, increasing by 9.4% against the year before.

Key information about Ghana CPI: Food and Non Alcoholic Beverage Change

• Ghana CPI: Food and Non Alcoholic Beverage Change was reported at 28.090 % in Feb 2025.
• This records a decrease from the previous number of 28.340 % for Jan 2025.
• Ghana CPI: Food and Non Alcoholic Beverage Change data is updated monthly, averaging 9.298 % from Sep 1998 to Feb 2025, with 318 observations.
• The data reached an all-time high of 76.772 % in Feb 2001 and a record low of -11.111 % in Jun 1999.
• Ghana CPI: Food and Non Alcoholic Beverage Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: CPI: Food and Non Alcoholic Beverage: Y-o-Y Growth: Monthly.

CEIC calculates Consumer Food Price Index Growth from monthly Consumer Food Price Index. Ghana Statistical Service provides Consumer Food Price Index with base 2021=100. Consumer Food Price Index Growth prior to January 2004 is calculated from Consumer Food Price Index with base 2002=100.

The price per unit in the 'Fish & Seafood' segment of the food market in Ghana was forecast to continuously increase between 2025 and 2030 by in total *** U.S. dollars (+***** percent). After the twelfth consecutive increasing year, the price per unit is estimated to reach ***** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Fish & Seafood' segment of the food market was continuously increasing over the past years.

As of June 16, 2025, the price of gasoline in Ghana stood at ***** Ghanaian cedis (GHS) per liter, corresponding to around *** U.S. dollars. The price of gasoline dropped compared to the prices in the preceding month. Increasing petroleum consumption In December 2024, about ******* metric tons of gasoline were consumed in Ghana, which represented an increase in consumption compared to the same period in preceding year. Furthermore, in 2024, over *** million metric tons of petroleum products were consumed in the country, of which around ******* metric tons were Liquefied petroleum gas (LPG) - Butane. Ghana’s oil production and trade According to latest data form 2020, ******* barrels of crude oil per day were produced in Ghana. In 2023, at the company level, Ghana Oil Company Limited (GOIL), one of the leading petroleum product marketing companies in Ghana, accumulated revenue from sales amounting to **** billion Ghanaian cedis (GHS), roughly ***** million U.S. dollars. Comparatively, in the same year, Total Petroleum Ghana, also a major petroleum company in the country, registered a revenue that amounted to slightly over *** billion GHS, some *** billion U.S. dollars.

Ghana imports for 2023 were 26.73 billion US dollars, a 1.53% increase from 2022.

<ul style='margin-top:20px;'>

<li>Ghana imports for 2022 were <strong>26.33 billion US dollars</strong>, a <strong>1.39% increase</strong> from 2021.</li>
<li>Ghana imports for 2021 were <strong>25.97 billion US dollars</strong>, a <strong>5.77% increase</strong> from 2020.</li>
<li>Ghana imports for 2020 were <strong>24.55 billion US dollars</strong>, a <strong>8.76% decline</strong> from 2019.</li>
</ul>Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Tariff rate, applied, weighted mean, manufactured products (%) in Ghana was reported at 11.69 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Tariff rate, applied, weighted mean, manufactured products - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

The currency chart for Ghana shows historical data for the Ghanaian cedis per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Ghanaian cedis per USD. Depreciation implies that goods from Ghana...

For the third year in a row, Ghana recorded growth in overseas shipments of food preparations for infants, which increased by 37% to 7.6K tons in 2023.

The Ghanian dog and cat food market reached $892M in 2024, growing by 7.6% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2024: its value increased at an average annual rate of +5.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +29.6% against 2020 indices.

The gross domestic product (GDP) in current prices in Ghana was estimated at about 82.83 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 44.15 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 35.78 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Ghanian canned food market expanded rapidly to $1.4B in 2024, with an increase of 7.2% against the previous year. Overall, consumption saw a remarkable increase. Canned food consumption peaked at $1.6B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

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.

In 2023, imports of dog and cat food into Ghana fell remarkably to 2.4K tons, which is down by -33.7% against 2022 figures.

In 2023, approx. 417K units of domestic food grinders and mixers and fruit or vegetable juice extractors were imported into Ghana; waning by -7.3% against the previous year.

In 2023, exports of chocolate and other food preparations containing cocoa from Ghana soared to 230 tons, growing by 189% compared with the previous year.

For the third year in a row, Ghana recorded growth in overseas purchases of machinery for the preparation or manufacture of food or drink, which increased by 0.5% to 10K units in 2023.