Inflation Ghana 2009
Average inflation: 19.3%
Current Inflation
Inflation is very high at 19.3%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 20.7%. The lowest inflation was in December at 16.0%.
- Highest month
- June: 20.7%
- Lowest month
- December: 16.0%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 15.8%. The lowest price increase was in Energy with an average of 4.7%.
- Highest increase
- Food: 15.8%
- Lowest increase
- Energy: 4.7%
Historical Context
Current inflation is 4.6% higher than the 5-year average of 14.7%.
- 5-year average
- 14.7%
- 10-year average
- 21.5%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows an upward trend. Compared to 2008, inflation has risen by +2.8 percentage point.
- Change vs. previous year
- +2.8 percentage points
- Largest monthly swing
- February: +7.1 percentage points
ECB Target
Inflation is 17.3% 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 €119.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2009
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2008 |
|---|---|---|
| January | 19.9% | +7.1 |
| February | 20.3% | +7.1 |
| March | 20.5% | +6.7 |
| April | 20.6% | +5.3 |
| May | 20.1% | +3.2 |
| June | 20.7% | +2.3 |
| July | 20.5% | +2.2 |
| August | 19.6% | +1.5 |
| September | 18.4% | +0.5 |
| October | 18.0% | +0.7 |
| November | 16.9% | -0.5 |
| December | 16.0% | -2.1 |
| Average | 19.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.