Inflation Ghana 2025
Average inflation: 23.3%
Current Inflation
Inflation is very high at 23.3%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 23.5%. The lowest inflation was in February at 23.1%.
- Highest month
- January: 23.5%
- Lowest month
- February: 23.1%
- Difference
- 0.4 percentage points
- Months with data
- 2 of 12
Category Insights
The highest price increase was in Food with an average of 28.2%. The lowest price increase was in Energy with an average of 24.5%.
- Highest increase
- Food: 28.2%
- Lowest increase
- Energy: 24.5%
Historical Context
Current inflation is 1.9% lower than the 5-year average of 25.2%.
- 5-year average
- 25.2%
- 10-year average
- 18.1%
- All-time high (2023)
- 39%
- All-time low (2019)
- 7.1%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- February: -0.1 percentage points
ECB Target
Inflation is 21.3% 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 €123.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 23.5% | 0.0 |
| February | 23.1% | -0.1 |
| Average | 23.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.