Average inflation measured by CPI rose 11.0% to 8.00% in Ghana in 2020, according to the National Statistical Office.
Historically, average inflation measured by CPI in Ghana reached an all time high of 8.00% in 2020 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 2.20%, 2.00% in Ivory Coast and 2.00% in Togo in 2020.
Ghana has been ranked 18th within the group of 171 countries we follow in terms of average inflation measured by CPI, 2 places above the position seen 10 years ago.
| Inflation, CPI (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Benin | % | 0.018% | 0.008% | -0.009% | 2.20% | 2.20% | ||||||||||||||||
| Burkina Faso | % | 0.015% | 0.020% | -0.032% | 2.00% | 2.00% | ||||||||||||||||
| Ghana | % | 0.124% | 0.078% | 0.072% | 8.00% | 7.00% | ||||||||||||||||
| Guinea | % | 0.089% | 0.098% | 0.095% | 7.95% | 7.85% | ||||||||||||||||
| Ivory Coast | % | 0.007% | 0.004% | -0.011% | 2.00% | 2.00% | ||||||||||||||||
| Liberia | % | 0.124% | 0.236% | 24.5% | 20.0% | 16.0% | ||||||||||||||||
| Mali | % | 0.018% | 0.003% | -0.017% | 2.14% | 2.19% | ||||||||||||||||
| Niger | % | 0.028% | 0.030% | -0.025% | 2.00% | 2.00% | ||||||||||||||||
| Nigeria | % | 0.165% | 0.121% | 0.114% | 13.0% | 14.3% | ||||||||||||||||
| Togo | % | -0.010% | 0.009% | 0.007% | 2.00% | 2.00% |
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