Ghana Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Ghana's inflation rate was 16.65% in 2025, ranked 16th globally. This represents a 27.2% decrease from 2024. Data from World Bank, covering 1965–2025.
Overview
Ghana's inflation rate stood at 16.65% in 2025, a decline of +6.20pp from 2024. The IMF projects 16.65% by 2025. Ghana ranked 16th globally.
Ghana’s inflation rate in 2025 stood at 16.64 percent, placing the country 16th highest among the world’s economies according to the World Bank. The figure reflects a long‑term moderation from the all‑time peak of 122.87 percent recorded in 1983, a period marked by severe fiscal imbalances and external shocks, and a rebound from the all‑time trough of –8.42 percent in 1967 when deflationary pressures prevailed. Over the 61‑year series, inflation has oscillated considerably, yet the current level remains above the peer average of Zambia’s 14.20 percent and below Egypt’s 20.42 percent, underscoring Ghana’s relatively high price pressures in the sub‑Saharan context. Persistent monetary tightening, structural reforms in the energy and agricultural sectors, and improved fiscal discipline could further anchor inflation expectations, potentially steering the trajectory toward a lower, more stable range in the coming years.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 8.00% | - | - |
| 2029* IMF | 8.00% | - | - |
| 2028* IMF | 8.00% | - | - |
| 2027* IMF | 8.00% | - | - |
| 2026* IMF | 9.88% | - | - |
| 2025* IMF | 16.65% | - | - |
| 2025 | 16.65% | −6.20pp | #16 |
| 2024 | 22.85% | −16.36pp | #176 |
| 2023 | 38.11% | +6.19pp | #185 |
| 2022 | 31.26% | +21.28pp | #184 |
| 2021 | 9.97% | +0.05pp | #175 |
| 2020 | 9.89% | +2.68pp | #175 |
| 2019 | 7.14% | −2.69pp | #171 |
| 2018 | 7.81% | −4.56pp | #174 |
| 2017 | 12.37% | −5.08pp | #179 |
| 2016 | 17.45% | +0.30pp | #189 |
| 2015 | 17.15% | +1.66pp | #192 |
| 2014 | 15.49% | +3.82pp | #194 |
| 2013 | 11.67% | +4.59pp | #192 |
| 2012 | 11.19% | +3.51pp | #184 |
| 2011 | 8.73% | +2.03pp | #163 |
Detected Pattern
Analysis
Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Ghana's inflation rate was 16.65% in 2025. Ranked 16th globally. This represents a 27.2% decrease from the previous year.
Ghana's inflation rate peaked at 122.87% in 1983.
The lowest inflation rate in Ghana was -8.42% in 1967.
Ghana ranks 16th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Ghana's inflation rate is projected to reach 16.65% by 2025 based on IMF projection.
The inflation rate of Ghana in 2025 was 16.65%. This ranks 16th in the world.
Cite this page
@misc{historysaid_ghana_inflation-rate,
title = {Ghana Inflation Rate},
url = {https://historysaid.com/ghana/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}