Sub-Saharan Africa
Ghana Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
22.8%
As of 2024
YoY Change
-40.0%
2023 → 2024
Record High
122.9%
Recorded in 1983
Record Low
-8.4%
Recorded in 1967
10-Year Average
17.4%
2015–2024
Data Range
1965–2024
60 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
Analysis
Ghana's inflation rate stands at 22.85% as of 2024, indicating a significant increase in the general price level of goods and services. This high inflation rate may be attributed to various factors such as monetary policy, exchange rates, and global economic conditions. The country's economic authorities are likely to implement policies to curb inflation and stabilize the economy.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 22.8% | 15.3% | -40.0% |
| 2023 | 38.1% | 6.9% | +21.9% |
| 2022 | 31.3% | 21.3% | +213.5% |
| 2021 | 10.0% | 0.1% | +0.8% |
| 2020 | 9.9% | 2.7% | +38.4% |
| 2019 | 7.1% | 0.7% | -8.5% |
| 2018 | 7.8% | 4.6% | -36.9% |
| 2017 | 12.4% | 5.1% | -29.1% |
| 2016 | 17.5% | 0.3% | +1.8% |
| 2015 | 17.1% | 1.7% | +10.7% |
Source: World Bank Open Data · 1965–2024
Neighbouring Countries Ranking
Sub-Saharan Africa · Inflation
Similar Rankings
Global · Inflation
