Home → Patterns → Currency Crisis Pattern → Ghana

Currency Crisis Pattern

Rapid currency depreciation (>30% YoY) combined with reserve drawdown and inflation surge. Often precedes emergency rate hikes.

4 occurrences detected, 1 successful

Ghana 2023

Inflation

38.1%

Reserves YoY

-30.4%

FX YoY

+33.2%

Ghana 2022

Inflation

31.3%

Reserves YoY

-47.5%

FX YoY

+42.5%

24 mo later

22.8%

Ghana 2000

Inflation

40.2%

Reserves YoY

-42.2%

FX YoY

+104.4%

24 mo later

9.4%

Ghana 1987

Inflation

39.8%

Reserves YoY

-46.8%

FX YoY

+72.3%

24 mo later

25.2%