Inflation, consumer prices (annual %) (International Financial) in Ghana
Ghana: Inflation, consumer prices (annual %) (International Financial) was 14.2% in 2025. ◆ Volatile
Inflation, consumer prices in Ghana, 1965–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Ghana recorded 14.2% for inflation, consumer prices in 2025.
That represents a change of down 37.8% on the previous year and down 17.2% over ten years.
Over the whole period, inflation, consumer prices in Ghana peaked at 122.9% in 1983 and was at its lowest, -8.4%, in 1967.
Ghana ranks 15th of 192 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices (annual %) (International Financial) in Ghana, year by year
| Year | annual % | Change |
|---|---|---|
| 1965 | 26.4% | — |
| 1966 | 13.2% | -49.9% |
| 1967 | -8.4% | -163.6% |
| 1968 | 7.9% | -193.7% |
| 1969 | 7.3% | -7.3% |
| 1970 | 3.0% | -58.6% |
| 1971 | 9.6% | +215.4% |
| 1972 | 10.1% | +5.3% |
| 1973 | 17.7% | +75.7% |
| 1974 | 18.1% | +2.6% |
| 1975 | 29.8% | +64.5% |
| 1976 | 56.1% | +88.0% |
| 1977 | 116.5% | +107.6% |
| 1978 | 73.1% | -37.2% |
| 1979 | 54.4% | -25.5% |
| 1980 | 50.1% | -8.0% |
| 1981 | 116.5% | +132.7% |
| 1982 | 22.3% | -80.9% |
| 1983 | 122.9% | +451.1% |
| 1984 | 39.7% | -67.7% |
| 1985 | 10.3% | -74.0% |
| 1986 | 24.6% | +138.4% |
| 1987 | 39.8% | +62.1% |
| 1988 | 31.4% | -21.2% |
| 1989 | 25.2% | -19.6% |
| 1990 | 37.3% | +47.7% |
| 1991 | 18.0% | -51.6% |
| 1992 | 10.1% | -44.2% |
| 1993 | 25.0% | +148.2% |
| 1994 | 24.9% | -0.4% |
| 1995 | 59.5% | +139.1% |
| 1996 | 46.6% | -21.7% |
| 1997 | 27.9% | -40.1% |
| 1998 | 14.6% | -47.6% |
| 1999 | 4.9% | -66.7% |
| 2000 | 40.2% | +727.1% |
| 2001 | 41.5% | +3.2% |
| 2002 | 9.4% | -77.4% |
| 2003 | 29.8% | +218.1% |
| 2004 | 18.0% | -39.4% |
| 2005 | 15.4% | -14.4% |
| 2006 | 11.7% | -24.4% |
| 2007 | 10.7% | -8.1% |
| 2008 | 16.5% | +53.7% |
| 2009 | 19.2% | +16.7% |
| 2010 | 10.7% | -44.2% |
| 2011 | 8.7% | -18.7% |
| 2012 | 11.2% | +28.2% |
| 2013 | 11.7% | +4.3% |
| 2014 | 15.5% | +32.8% |
| 2015 | 17.1% | +10.7% |
| 2016 | 17.5% | +1.8% |
| 2017 | 12.4% | -29.1% |
| 2018 | 7.8% | -36.9% |
| 2019 | 7.1% | -8.5% |
| 2020 | 9.9% | +38.4% |
| 2021 | 10.0% | +0.8% |
| 2022 | 31.3% | +213.5% |
| 2023 | 38.1% | +21.9% |
| 2024 | 22.8% | -40.0% |
| 2025 | 14.2% | -37.8% |
Ghana compared with similar countries
- Ghana's 14.2% is above the median for lower middle income countries, which is 3.6%, 4.0× the median. (47 countries reporting)
- Ghana's 14.2% is above the median for Sub-Saharan Africa, which is 3.5%, 4.1× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Inflation, consumer prices (annual %) (International Financial) in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +727.1% | 4.9% | 40.2% |
| 1983 | +451.1% | 22.3% | 122.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.3% | -8.4% | 26.4% | 5 |
| 1970s | 38.8% | 3.0% | 116.5% | 10 |
| 1980s | 48.3% | 10.3% | 122.9% | 10 |
| 1990s | 26.9% | 4.9% | 59.5% | 10 |
| 2000s | 21.3% | 9.4% | 41.5% | 10 |
| 2010s | 12.0% | 7.1% | 17.5% | 10 |
| 2020s | 21.0% | 9.9% | 38.1% | 6 |
Countries ranked near Ghana
More economy & growth data for Ghana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 457.43 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.374 units per person (2025)
- SDRs holdings, SDR, annual growth rate 430.83 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2731 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
Frequently asked questions
- What is inflation, consumer prices in Ghana?
- Inflation, consumer prices in Ghana was 14.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Ghana?
- The highest recorded value was 122.9% in 1983.
- What is the lowest inflation, consumer prices recorded in Ghana?
- The lowest recorded value was -8.4% in 1967.
- How does Ghana rank for inflation, consumer prices?
- Ghana ranks 15th out of 192 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Ghana?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
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.