Ghana’s annual inflation rate accelerated for the eleventh consecutive month to 23.6% in April of 2022, from 19.4% in March. That was the highest inflation rate since January of 2004. Food-price growth quickened to 26.6% from 22.4% in March. Also, non-food inflation climbed to 21.3% from 17% in the prior month, led by higher prices of transport (33.5%), household equipment and maintenance (28.5%); and housing and utilities (25%). On a monthly basis, consumer prices rose by 5.1%. source: Ghana Statistical Service
Inflation Rate in Ghana averaged 15.55 percent from 1998 until 2022, reaching an all time high of 63.10 percent in March of 2001 and a record low of 0.40 percent in May of 1999. This page provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Inflation Rate in Ghana is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Inflation Rate is projected to trend around 10.00 percent in 2023 and 7.00 percent in 2024, according to our econometric models.