Inflation, CPI (Average) fell 15.5% to 8.00% in Ghana in 2019

Inflation, CPI (Average) (%), 2019
Economy | Ghana | June 1, 2020
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Average inflation measured by CPI fell 15.5% to 8.00% in Ghana in 2019, according to the National Statistical Office.

Historically, average inflation measured by CPI in Ghana reached an all time high of 9.47% in 2018 and an all time low of -0.084% in 1967. When compared to Ghana's main peers, average inflation measured by CPI in Benin amounted to 2.30%, 2.00% in Ivory Coast and 1.20% in Togo in 2019.

Ghana has been ranked 25th within the group of 172 countries we follow in terms of average inflation measured by CPI, 15 places below the position seen 10 years ago.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Benin % < 0.001% 2.30% 2.30% 2.20% 2.20%
Burkina Faso % 0.004% 2.00% 2.00% 2.00% 2.00%
Ghana % 0.124% 9.47% 8.00% 8.00% 7.00%
Guinea % 0.089% 8.20% 8.00% 7.95% 7.85%
Ivory Coast % 0.007% 1.70% 2.00% 2.00% 2.00%
Liberia % 0.124% 21.3% 24.5% 20.0% 16.0%
Mali % 0.018% 2.47% 2.08% 2.14% 2.19%
Niger % 0.028% 3.90% 2.00% 2.00% 2.00%
Nigeria % 0.165% 12.4% 13.5% 13.0% 14.3%
Togo % -0.010% 0.401% 1.20% 2.00% 2.00%