Ghana Inflation Rate 1965-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Ghana inflation rate for 2022 was 31.26%, a 21.28% increase from 2021.
  • Ghana inflation rate for 2021 was 9.97%, a 0.08% increase from 2020.
  • Ghana inflation rate for 2020 was 9.89%, a 2.74% increase from 2019.
  • Ghana inflation rate for 2019 was 7.14%, a 0.67% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 138.81%
Sri Lanka 49.72%
Ghana 31.26%
Moldova 28.74%
Lao PDR 22.96%
Ukraine 20.18%
Pakistan 19.87%
Nigeria 18.85%
Sao Tome and Principe 18.01%
Mongolia 15.15%
Kyrgyz Republic 13.92%
Egypt 13.90%
Georgia 11.90%
Kosovo 11.58%
Uzbekistan 11.45%
Zambia 10.99%
Nicaragua 10.47%
Mauritania 9.53%
Honduras 9.09%
Tunisia 8.31%
Lesotho 8.27%
Bangladesh 7.70%
Kenya 7.66%
El Salvador 7.20%
India 6.70%
Morocco 6.66%
Cameroon 6.25%
Philippines 5.82%
Bhutan 5.64%
Solomon Islands 5.52%
Micronesia 5.41%
Cambodia 5.34%
Djibouti 5.18%
Indonesia 4.21%
Vietnam 3.16%
Republic of Congo 3.04%
Bolivia 1.75%
Ghana Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 31.26% 21.28%
2021 9.97% 0.08%
2020 9.89% 2.74%
2019 7.14% -0.67%
2018 7.81% -4.56%
2017 12.37% -5.08%
2016 17.45% 0.30%
2015 17.15% 1.66%
2014 15.49% 3.82%
2013 11.67% 0.48%
2012 11.19% 2.46%
2011 8.73% -2.00%
2010 10.73% -8.51%
2009 19.25% 2.75%
2008 16.49% 5.76%
2007 10.73% -0.94%
2006 11.68% -3.76%
2005 15.44% -2.60%
2004 18.04% -11.73%
2003 29.77% 20.41%
2002 9.36% -32.15%
2001 41.51% 1.27%
2000 40.24% 35.38%
1999 4.87% -9.76%
1998 14.62% -13.26%
1997 27.89% -18.68%
1996 46.56% -12.90%
1995 59.46% 34.59%
1994 24.87% -0.09%
1993 24.96% 14.90%
1992 10.06% -7.98%
1991 18.03% -19.23%
1990 37.26% 12.04%
1989 25.22% -6.14%
1988 31.36% -8.46%
1987 39.82% 15.25%
1986 24.57% 14.26%
1985 10.31% -29.36%
1984 39.67% -83.21%
1983 122.87% 100.58%
1982 22.30% -94.21%
1981 116.50% 66.43%
1980 50.07% -4.37%
1979 54.44% -18.65%
1978 73.09% -43.36%
1977 116.45% 60.37%
1976 56.08% 26.26%
1975 29.82% 11.69%
1974 18.13% 0.45%
1973 17.68% 7.62%
1972 10.07% 0.51%
1971 9.56% 6.53%
1970 3.03% -4.29%
1969 7.32% -0.58%
1968 7.89% 16.32%
1967 -8.42% -21.66%
1966 13.24% -13.21%
1965 26.44% -13.21%