Inflation Ghana 2007
Average inflation: 10.7%
Inflation in 2007
Inflation is very high at 10.7%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 12.7%. The lowest inflation was in July at 10.1%.
- Highest month
- December: 12.7%
- Lowest month
- July: 10.1%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 16.3%. The lowest price increase was in Food with an average of 9.5%.
- Highest increase
- Energy: 16.3%
- Lowest increase
- Food: 9.5%
Historical Context
Inflation is 6.5 percentage points lower than the 5-year average of 17.2%.
- 5-year average
- 17.2%
- 10-year average
- 19.7%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Over the period 2005-2007, inflation shows a downward trend. Compared to 2006, inflation has fallen by 1.0 percentage points.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- July: -2.8 percentage points
ECB Target
Inflation is 8.7 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 110.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 10.9% | -1.9 |
| February | 10.4% | -1.9 |
| March | 10.2% | -1.1 |
| April | 10.5% | -0.7 |
| May | 11.0% | -0.7 |
| June | 10.7% | -0.7 |
| July | 10.1% | -2.8 |
| August | 10.4% | -2.2 |
| September | 10.2% | -1.5 |
| October | 10.1% | -0.8 |
| November | 11.4% | +0.7 |
| December | 12.7% | +1.8 |
| Average | 10.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.