Annual inflation, consumer prices in Ghana
Ghana: Annual inflation, consumer prices was 22.8% in 2024. ◆ Volatile
Annual inflation, consumer prices in Ghana, 2000–2024
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 19th out of 203 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.
Annual inflation, consumer prices in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 40.2% | — |
| 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% |
Ghana compared with similar countries
- Ghana's 22.8% is above the median for lower middle income countries, which is 5.0%, 4.6× the median. (43 countries reporting)
- Ghana's 22.8% is above the median for Sub-Saharan Africa, which is 4.5%, 5.1× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More development goals data for Ghana
- Red List Index 0.8827 index (2025)
- Number of refugees per 100,000 population, by country of origin 42.95 per 100,000 people (2025)
- Manufacturing value added per capita 248.94 constant US$ (2025)
- Number of transboundary breeds 26 (2025)
- Number of transboundary breeds (not extinct) 26 (2025)
- Number of transboundary breeds with unknown risk status 25 (2025)
- Number of local breeds with unknown risk status 18 (2025)
- Number of local breeds (not extinct) 20 (2025)
- Number of local breeds kept in the country 21 (2025)
- Infant deaths 24,393 (2024)
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 19th out of 203 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).