Inflation rate in Ghana: 14.2% in 2025, ranking 12th of 176 countries. In 2010 it was 10.7%.
Data last updated · Period: 2010–2025
Understanding the chart
The line chart above tracks inflation rate in Ghana for each year from 2010 to 2025, 16 data points in all. Each dot is one year; the first and last years and the highest point are labelled with their values, and the vertical scale is in annual %. All values in this period were above zero. The data table below the chart lists every value, and you can download the data, embed the chart or share it from the buttons above. The figures cover 2010–2025 and come from World Bank, World Development Indicators (CC BY 4.0).
Key insights
- Between 2010 and 2025, Ghana's inflation rose from 10.7% to 14.2%, a rise of 3.5 percentage points.
- The highest value in this period was 38.1% in 2023; the lowest was 7.1% in 2019.
- Recently, the figure has fallen in each of the last two years (2024: 22.8%; 2025: 14.2%).
- That is 11.2 percentage points above the world figure of 3.0%.
- Ghana has the 12th-highest value of 176 countries with recent data.
- In Western Africa, Ghana has the 2nd-highest value of 16 countries with recent data; the highest is Nigeria (23.0%), and the typical (median) value is 1.9%.
Analysis
Averaged over periods, the figure was 11.6% in 2010 to 2014, 12.4% in 2015 to 2019 and 21.0% in 2020 onwards. The value went up in 9 of the 15 year-to-year steps and down in 6. The biggest one-year rise came in 2022 (+21.3 percentage points). The biggest one-year fall came in 2024 (−15.3 percentage points). Year to year, the figure typically varied by about 8.7 percentage points around its average of 15.4%, a volatile pattern.
What it means
Inflation above 10% means prices change quickly: businesses in Ghana need to review prices often, keep stock and supplier contracts under watch, and expect customers to trade down. Compared with its neighbours in Western Africa, where the typical value is 1.9%, Ghana is 12.3 percentage points higher.
Related figures
- Inflation, consumer prices (annual %) by country, 2025: 219.9% (highest: Argentina). The yearly change in the cost of a typical basket of goods and services bought by households.
- Inflation rate in Benin, 2010–2025: 1.1% (Inflation, 2025 · 137th of 176). Inflation rate in Benin: 1.1% in 2025, ranking 137th of 176 countries.
- Inflation rate in Burkina Faso, 2010–2025: -0.6% (Inflation, 2025 · 171st of 176). Inflation rate in Burkina Faso: -0.6% in 2025, ranking 171st of 176 countries.
About this statistic
The yearly change in the cost of a typical basket of goods and services bought by households. High inflation raises costs and makes pricing and planning harder. Very low or negative inflation can signal weak demand.
For businesses, the size and growth of an economy shape demand: faster growth usually means rising incomes, more customers and more investment, while high inflation raises costs and makes planning harder. The figures come from the World Bank's World Development Indicators, which compile official national statistics in a consistent form so countries can be compared.
Questions and answers
What is the inflation rate in Ghana?
14.2% (Inflation, 2025 · 12th of 176). Inflation rate in Ghana: 14.2% in 2025, ranking 12th of 176 countries. In 2010 it was 10.7%.
How has inflation in Ghana changed since 2010?
Between 2010 and 2025, Ghana's inflation rose from 10.7% to 14.2%, a rise of 3.5 percentage points. The highest value in this period was 38.1% in 2023; the lowest was 7.1% in 2019.
Where does this data come from?
From World Bank, World Development Indicators (CC BY 4.0), covering 2010–2025. The yearly change in the cost of a typical basket of goods and services bought by households. High inflation raises costs and makes pricing and planning harder. Very low or negative inflation can signal weak demand.
Data
| Year | Inflation, consumer prices (annual %) |
|---|---|
| 2010 | 10.7% |
| 2011 | 8.7% |
| 2012 | 11.2% |
| 2013 | 11.7% |
| 2014 | 15.5% |
| 2015 | 17.2% |
| 2016 | 17.5% |
| 2017 | 12.4% |
| 2018 | 7.8% |
| 2019 | 7.1% |
| 2020 | 9.9% |
| 2021 | 10.0% |
| 2022 | 31.3% |
| 2023 | 38.1% |
| 2024 | 22.8% |
| 2025 | 14.2% |
Source and notes
Source: World Bank, World Development Indicators (CC BY 4.0). Period: 2010–2025. Coverage: Ghana.
The yearly change in the cost of a typical basket of goods and services bought by households. High inflation raises costs and makes pricing and planning harder. Very low or negative inflation can signal weak demand.
Cite this statistic
Please also credit the original source: World Bank, World Development Indicators (CC BY 4.0).Related statistics
- Inflation, consumer prices (annual %) by country, 2025
- Inflation rate in Benin, 2010–2025
- Inflation rate in Burkina Faso, 2010–2025
- Inflation rate in Côte d'Ivoire, 2010–2025
- Inflation rate in Cabo Verde, 2010–2025
- GDP of Ghana, 2010–2025
- Economic growth (GDP growth) in Ghana, 2010–2025
- GDP per person in Ghana, 2010–2025
- GDP per person, adjusted for prices (PPP, international $) in Ghana, 2010–2024
All Ghana data: economy, people, jobs and digital in one place
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