Inflation Rate (CPI): Ghana
Ghana's inflation rate (cpi) is currently 9.9% as of 2026. # Ghana Inflation Rate (CPI) Ghana's inflation rate stands at 9.
Current (2026)
9.9%
-40.4% y/y
Peak (1983)
122.2%
Low (2010)
6.7%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Ghana
1980 — 2026
Inflation Rate (CPI) — Ghana
Analysis# Ghana Inflation Rate (CPI)
Ghana's inflation rate stands at 9.9% in 2026, representing a substantial recovery from the extreme volatility of earlier decades. The country experienced a catastrophic peak of 122.2% in 1983 during a period of severe economic instability, before gradually stabilizing to a low of 6.7% in 2010. Since 1980, the overall inflation trajectory has declined by 80.2 percentage points, signaling long-term macroeconomic improvement despite persistent fluctuations.
The 2022-2024 period marked Ghana's most severe recent inflationary surge, with CPI reaching 39.2% in 2023 before declining sharply to 22.9% in 2024. This spike reflected global commodity pressures and domestic fiscal challenges. The downward trend continuing into 2026 suggests Ghana's monetary authorities have successfully contained price pressures, with inflation returning to single-digit levels last seen in 2019.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 8.0% | +0.00% |
| 2029 | 8.0% | +0.00% |
| 2028 | 8.0% | +0.00% |
| 2027 | 8.0% | -19.19% |
| 2026 | 9.9% | -40.36% |
| 2025 | 16.6% | -27.51% |
| 2024 | 22.9% | -41.58% |
| 2023 | 39.2% | +22.88% |
| 2022 | 31.9% | +219.00% |
| 2021 | 10.0% | +1.01% |
| 2020 | 9.9% | +37.50% |
| 2019 | 7.2% | -26.53% |
| 2018 | 9.8% | -20.97% |
| 2017 | 12.4% | -29.14% |
| 2016 | 17.5% | +1.74% |
| 2015 | 17.2% | +10.97% |
| 2014 | 15.5% | +32.48% |
| 2013 | 11.7% | +64.79% |
| 2012 | 7.1% | -7.79% |
| 2011 | 7.7% | +14.93% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 6.7% | -48.85% |
| 2009 | 13.1% | -20.61% |
| 2008 | 16.5% | +54.21% |
| 2007 | 10.7% | -8.55% |
| 2006 | 11.7% | -22.52% |
| 2005 | 15.1% | +18.90% |
| 2004 | 12.7% | -52.26% |
| 2003 | 26.6% | +79.73% |
| 2002 | 14.8% | -55.02% |
| 2001 | 32.9% | +31.08% |
| 2000 | 25.1% | +100.80% |
| 1999 | 12.5% | -34.90% |
| 1998 | 19.2% | -22.58% |
| 1997 | 24.8% | -44.27% |
| 1996 | 44.5% | -24.96% |
| 1995 | 59.3% | +138.15% |
| 1994 | 24.9% | +0.00% |
| 1993 | 24.9% | +149.00% |
| 1992 | 10.0% | -44.75% |
| 1991 | 18.1% | -51.34% |
| 1990 | 37.2% | +47.62% |
| 1989 | 25.2% | -19.75% |
| 1988 | 31.4% | -21.11% |
| 1987 | 39.8% | +62.45% |
| 1986 | 24.5% | +137.86% |
| 1985 | 10.3% | -74.25% |
| 1984 | 40.0% | -67.27% |
| 1983 | 122.2% | +443.11% |
| 1982 | 22.5% | -80.69% |
| 1981 | 116.5% | +133.00% |
| 1980 | 50.0% | — |
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