Inflation Ghana 2015
Average inflation: 17.1%
Current Inflation
Inflation is very high at 17.1%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 17.9%. The lowest inflation was in January at 16.4%.
- Highest month
- July: 17.9%
- Lowest month
- January: 16.4%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 25.6%. The lowest price increase was in Food with an average of 7.5%.
- Highest increase
- Energy: 25.6%
- Lowest increase
- Food: 7.5%
Historical Context
Current inflation is 4.3% higher than the 5-year average of 12.8%.
- 5-year average
- 12.8%
- 10-year average
- 13.3%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows an upward trend. Compared to 2014, inflation has risen by +1.6 percentage point.
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- January: +2.6 percentage points
ECB Target
Inflation is 15.1% 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 €117.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2015
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2014 |
|---|---|---|
| January | 16.4% | +2.6 |
| February | 16.5% | +2.5 |
| March | 16.6% | +2.1 |
| April | 16.8% | +2.1 |
| May | 16.9% | +2.1 |
| June | 17.1% | +2.1 |
| July | 17.9% | +2.6 |
| August | 17.3% | +1.4 |
| September | 17.4% | +0.9 |
| October | 17.4% | +0.5 |
| November | 17.6% | +0.6 |
| December | 17.7% | +0.7 |
| Average | 17.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.