Inflation Ghana 2002
Average inflation: 9.5%
Current Inflation
Inflation is very high at 9.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 19.6%. The lowest inflation was in June at 3.9%.
- Highest month
- January: 19.6%
- Lowest month
- June: 3.9%
- Difference
- 15.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 6.1%. The lowest price increase was in Food with an average of 6.1%.
- Highest increase
- Food: 6.1%
- Lowest increase
- Food: 6.1%
Historical Context
Current inflation is 12.8% lower than the 5-year average of 22.3%.
- 5-year average
- 22.3%
- 10-year average
- 22.3%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows a downward trend. Compared to 2001, inflation has fallen by +34.0 percentage point.
- Change vs. previous year
- -34.0 percentage points
- Largest monthly swing
- March: -53.7 percentage points
ECB Target
Inflation is 7.5% 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 €100 this year will cost approximately €109.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 19.6% | -39.9 |
| February | 14.9% | -45.8 |
| March | 9.3% | -53.7 |
| April | 7.4% | -52.2 |
| May | 4.8% | -48.9 |
| June | 3.9% | -44.2 |
| July | 3.9% | -39.2 |
| August | 7.8% | -26.1 |
| September | 10.7% | -17.2 |
| October | 9.3% | -17.2 |
| November | 10.1% | -14.8 |
| December | 12.0% | -8.9 |
| Average | 9.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.