Annual inflation, consumer prices in Ghana

Ghana: Annual inflation, consumer prices was 22.8% in 2024. β—† Volatile

Latest (2024)
22.8%
Change on year
down 40.0%
World rank
17th
of 187 countries
All-time high
41.5%
in 2001
All-time low
7.1%
in 2019
Years of data
25
2000–2024

Annual inflation, consumer prices in Ghana, 2000–2024

102030402000201220242000: 40.2 %2001: 41.5 %2002: 9.4 %2003: 29.8 %2004: 18 %2005: 15.4 %2006: 11.7 %2007: 10.7 %2008: 16.5 %2009: 19.2 %2010: 10.7 %2011: 8.7 %2012: 11.2 %2013: 11.7 %2014: 15.5 %2015: 17.1 %2016: 17.5 %2017: 12.4 %2018: 7.8 %2019: 7.1 %2020: 9.9 %2021: 10 %2022: 31.3 %2023: 38.1 %2024: 22.8 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

The most recent figure for annual inflation, consumer prices in Ghana is 22.8%, measured in 2024.

The figure is down 40.0% on the previous year and up 47.5% over ten years.

Over the whole period, annual inflation, consumer prices in Ghana peaked at 41.5% in 2001 and was at its lowest, 7.1%, in 2019.

That places Ghana 17th out of 187 countries with data for 2024, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 21.3% 9.4% 41.5% 10
2010s 12.0% 7.1% 17.5% 10
2020s 22.4% 9.9% 38.1% 5

Countries ranked near Ghana

  1. 14 Angola 28.2% compare
  2. 15 Haiti 26.9% compare
  3. 16 Lao People's Democratic Republic 23.1% compare
  4. 18 Ethiopia 21.0% compare
  5. 19 Burundi 20.2% compare
  6. 20 Suriname 16.2% compare

See the full ranking of 223 places β†’

More development goals data for Ghana

All data for Ghana β†’

Frequently asked questions

What is annual inflation, consumer prices in Ghana?
Annual inflation, consumer prices in Ghana was 22.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest annual inflation, consumer prices recorded in Ghana?
The highest recorded value was 41.5% in 2001.
What is the lowest annual inflation, consumer prices recorded in Ghana?
The lowest recorded value was 7.1% in 2019.
How does Ghana rank for annual inflation, consumer prices?
Ghana ranks 17th out of 187 countries with data for 2024.
Is annual inflation, consumer prices rising or falling in Ghana?
Over the last ten years it is up 47.5%. The long-run trend across the full record is volatile.
Where does this Ghana data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.

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Annual inflation, consumer prices in Ghana. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 16 August 2026, from https://development-goals.statizoid.com/stat/annual-inflation-consumer-prices-percent/ghana/

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About this data

Indicator
Annual inflation, consumer prices (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
223 places, 5,311 data points, 2000–2024
Last refreshed