Ghana — Inflation
Inflation, Consumer Prices (Annual %) for Ghana, 1965–2025.
Inflation for Ghana was 14.20% in 2025, according to the latest World Bank data. The series covers 61 years, from 1965 to 2025. The highest recorded value was 122.87% in 1983. The lowest was -8.42% in 1967 (about -1.7× the low point). Across that span the compound annual growth rate works out to -1.03% per year.
Ghana ranks 13 of 187 economies on this measure (1 = highest), putting it in the top 7%. The median for Sub-Saharan Africa is 3.51%, so Ghana sits above it. It peaked in 1983 and has fallen 88% since. Over the last decade (2015–2025) the figure moved down 17%. Within Sub-Saharan Africa it ranks 8 of 46 economies; Zambia (13.91%) is just below it. Its sharpest one-year move was up 727% in 2000. That is 17% below this series' own ten-year average.
Data highlights
From its 1965 level: doubled by 1976.
World ranking. Slipped: 3rd of 76 in 1965 → 62nd of 92 in 1970 → 6th of 106 in 1980 → 15th of 131 in 1990 → 9th of 163 in 2000 → 12th of 186 in 2010 → 17th of 178 in 2020 → 10th of 169 in 2025.
Key figures
Full history — 1965 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 14.2% | -8.6 pp |
| 2024 | 22.85% | -15.3 pp |
| 2023 | 38.11% | +6.9 pp |
| 2022 | 31.26% | +21.3 pp |
| 2021 | 9.97% | +0.1 pp |
| 2020 | 9.89% | +2.7 pp |
| 2019 | 7.14% | -0.7 pp |
| 2018 | 7.81% | -4.6 pp |
| 2017 | 12.37% | -5.1 pp |
| 2016 | 17.45% | +0.3 pp |
| 2015 | 17.15% | +1.7 pp |
| 2014 | 15.49% | +3.8 pp |
| 2013 | 11.67% | +0.5 pp |
| 2012 | 11.19% | +2.5 pp |
| 2011 | 8.73% | -2.0 pp |
| 2010 | 10.73% | -8.5 pp |
| 2009 | 19.25% | +2.8 pp |
| 2008 | 16.49% | +5.8 pp |
| 2007 | 10.73% | -0.9 pp |
| 2006 | 11.68% | -3.8 pp |
| 2005 | 15.44% | -2.6 pp |
| 2004 | 18.04% | -11.7 pp |
| 2003 | 29.77% | +20.4 pp |
| 2002 | 9.36% | -32.1 pp |
| 2001 | 41.51% | +1.3 pp |
| 2000 | 40.24% | +35.4 pp |
| 1999 | 4.87% | -9.8 pp |
| 1998 | 14.62% | -13.3 pp |
| 1997 | 27.89% | -18.7 pp |
| 1996 | 46.56% | -12.9 pp |
| 1995 | 59.46% | +34.6 pp |
| 1994 | 24.87% | -0.1 pp |
| 1993 | 24.96% | +14.9 pp |
| 1992 | 10.06% | -8.0 pp |
| 1991 | 18.03% | -19.2 pp |
| 1990 | 37.26% | +12.0 pp |
| 1989 | 25.22% | -6.1 pp |
| 1988 | 31.36% | -8.5 pp |
| 1987 | 39.82% | +15.2 pp |
| 1986 | 24.57% | +14.3 pp |
| 1985 | 10.31% | -29.4 pp |
| 1984 | 39.67% | -83.2 pp |
| 1983 | 122.87% | +100.6 pp |
| 1982 | 22.3% | -94.2 pp |
| 1981 | 116.5% | +66.4 pp |
| 1980 | 50.07% | -4.4 pp |
| 1979 | 54.44% | -18.7 pp |
| 1978 | 73.09% | -43.4 pp |
| 1977 | 116.45% | +60.4 pp |
| 1976 | 56.08% | +26.3 pp |
| 1975 | 29.82% | +11.7 pp |
| 1974 | 18.13% | +0.5 pp |
| 1973 | 17.68% | +7.6 pp |
| 1972 | 10.07% | +0.5 pp |
| 1971 | 9.56% | +6.5 pp |
| 1970 | 3.03% | -4.3 pp |
| 1969 | 7.32% | -0.6 pp |
| 1968 | 7.89% | +16.3 pp |
| 1967 | -8.42% | -21.7 pp |
| 1966 | 13.24% | -13.2 pp |
| 1965 | 26.44% | — |
Frequently asked questions
What was Ghana’s Inflation in 1966?
13.24% (1966). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Ghana’s Inflation growing or shrinking?
Between 1965 and 2025 the series was shrinking overall: -46.3% in total — about 1.0% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 14.2%; 2024: 22.85%; 2023: 38.11%; 2022: 31.26%; 2021: 9.97%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.