Inflation Ghana 2016
Average inflation: 17.5%
Current Inflation
Inflation is very high at 17.5%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 19.2%. The lowest inflation was in December at 15.4%.
- Highest month
- March: 19.2%
- Lowest month
- December: 15.4%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 31.3%. The lowest price increase was in Food with an average of 8.7%.
- Highest increase
- Energy: 31.3%
- Lowest increase
- Food: 8.7%
Historical Context
Current inflation is 2.9% higher than the 5-year average of 14.6%.
- 5-year average
- 14.6%
- 10-year average
- 13.9%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows an upward trend. Compared to 2015, inflation has risen by +0.4 percentage point.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- January: +2.6 percentage points
ECB Target
Inflation is 15.5% 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 €117.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 19.0% | +2.6 |
| February | 18.5% | +2.0 |
| March | 19.2% | +2.6 |
| April | 18.7% | +1.9 |
| May | 18.9% | +2.0 |
| June | 18.4% | +1.3 |
| July | 16.7% | -1.2 |
| August | 16.9% | -0.4 |
| September | 17.2% | -0.2 |
| October | 15.8% | -1.6 |
| November | 15.5% | -2.1 |
| December | 15.4% | -2.3 |
| Average | 17.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.