Inflation Ghana 2005
Average inflation: 15.5%
Current Inflation
Inflation is very high at 15.5%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 17.8%. The lowest inflation was in August at 13.3%.
- Highest month
- March: 17.8%
- Lowest month
- August: 13.3%
- Difference
- 4.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 24.2%. The lowest price increase was in Food with an average of 13.6%.
- Highest increase
- Energy: 24.2%
- Lowest increase
- Food: 13.6%
Historical Context
Current inflation is 7.8% lower than the 5-year average of 23.3%.
- 5-year average
- 23.3%
- 10-year average
- 21.9%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows a downward trend. Compared to 2004, inflation has fallen by +2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- January: -12.2 percentage points
ECB Target
Inflation is 13.5% 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 €115.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2005
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2004 |
|---|---|---|
| January | 16.8% | -12.2 |
| February | 17.0% | -1.6 |
| March | 17.8% | +2.2 |
| April | 17.1% | -0.2 |
| May | 14.5% | -3.1 |
| June | 14.0% | -4.0 |
| July | 17.3% | +2.3 |
| August | 13.3% | -4.2 |
| September | 14.3% | -5.3 |
| October | 14.9% | -2.0 |
| November | 14.7% | -1.8 |
| December | 13.9% | -2.5 |
| Average | 15.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.