Inflation Ghana 2006
Average inflation: 11.7%
Current Inflation
Inflation is very high at 11.7%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 12.9%. The lowest inflation was in November at 10.7%.
- Highest month
- July: 12.9%
- Lowest month
- November: 10.7%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 19.9%. The lowest price increase was in Food with an average of 9.9%.
- Highest increase
- Energy: 19.9%
- Lowest increase
- Food: 9.9%
Historical Context
Current inflation is 5.2% lower than the 5-year average of 16.9%.
- 5-year average
- 16.9%
- 10-year average
- 20.8%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows a downward trend. Compared to 2005, inflation has fallen by +3.8 percentage point.
- Change vs. previous year
- -3.8 percentage points
- Largest monthly swing
- March: -6.5 percentage points
ECB Target
Inflation is 9.7% 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 €111.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| January | 12.8% | -4.0 |
| February | 12.3% | -4.7 |
| March | 11.3% | -6.5 |
| April | 11.2% | -5.9 |
| May | 11.7% | -2.8 |
| June | 11.4% | -2.6 |
| July | 12.9% | -4.4 |
| August | 12.6% | -0.7 |
| September | 11.7% | -2.6 |
| October | 10.9% | -4.0 |
| November | 10.7% | -4.0 |
| December | 10.9% | -3.0 |
| Average | 11.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.