Inflation Ghana 1999
Average inflation: 5.0%
Inflation in 1999
Inflation is very high at 5.0%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 11.3%. The lowest inflation was in May at 0.4%.
- Highest month
- January: 11.3%
- Lowest month
- May: 0.4%
- Difference
- 10.9 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 4.2 percentage points lower than the 5-year average of 9.2%. This approaches the lowest level since records began (5.0% in 1999).
- 5-year average
- 9.2%
- 10-year average
- 9.2%
- All-time high (1998)
- 13.4%
- All-time low (1999)
- 5%
Trend
Over the period 1998-1999, inflation shows a downward trend. Compared to 1998, inflation has fallen by 8.4 percentage points.
- Change vs. previous year
- -8.4 percentage points
- Largest monthly swing
- September: -9.4 percentage points
ECB Target
Inflation is 3.0 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for GHS 100 this year will cost approximately GHS 105 next year at this inflation rate.
Multi-year trend
Monthly figures 1999
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1998 |
|---|---|---|
| January | 11.3% | - |
| February | 7.8% | - |
| March | 7.6% | - |
| April | 2.9% | - |
| May | 0.4% | - |
| June | 0.5% | - |
| July | 0.7% | - |
| August | 1.4% | - |
| September | 4.1% | -9.4 |
| October | 5.4% | -9.1 |
| November | 8.2% | -4.9 |
| December | 9.1% | -3.2 |
| Average | 5.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.