Ghana inflation calculator
What an amount of money from any year since 1964 is worth in cedis today, using Ghana’s own consumer price index.
What is it worth now?
GH₵100 in 2010 has the buying power of
GH₵890.33
in 2026 — prices rose 790.3% over 16 years, an average of 14.6% a year
The current year is our estimate, not a published index. The World Bank series is annual and runs a year behind, so we carry the last published figure forward using the monthly inflation readings we hold for this year. It changes as each new month is published, and is replaced when the annual figure appears.
Annual index, 1964 to 2026. Ghana’s consumer price index, 2010 = 100.
Questions people ask
How do you calculate inflation in Ghana?
Divide the consumer price index of the later year by the index of the earlier year, and multiply by the amount. Ghana's index is published with 2010 as the base year, so a reading of 855.8 for 2025 means prices are roughly 8.6 times their 2010 level. This calculator does that arithmetic for any two years from 1964 onwards.
What is Ghana's inflation rate now?
Year-on-year inflation was 5.0% in August 2026, according to the Ghana Statistical Service. It has fallen a long way — it was 13.7% in June 2025 and reached 3.2% in March 2026, the lowest in about three decades, before ticking back up.
Why does an old amount look so large in today's cedis?
Because Ghana redenominated the currency in July 2007, dropping four zeroes: GH₵1 replaced ¢10,000. The price index is continuous across that change because it measures prices rather than currency units, so the arithmetic is correct — but an amount from before 2007 was quoted in old cedis, and comparing it to today needs that in mind.
Where does this data come from?
The annual index is Ghana's consumer price index as published by the World Bank, sourced from the IMF's International Financial Statistics, which takes it from the Ghana Statistical Service. Monthly inflation rates come from GSS releases directly.
Does inflation mean my savings are losing value?
If your interest rate is below inflation, yes. In August 2026 the 91-day Ghanaian Treasury bill paid 5.08% and inflation was 5.0%, so a saver in the shortest bill was roughly standing still. The 364-day bill at 11.59% was comfortably ahead.
Where these figures come from
The annual index is Ghana’s consumer price index published by the World Bank, sourced from the IMF’s International Financial Statistics and originally from the Ghana Statistical Service. It runs from 1964 to 2025 with 2010 as the base year. Monthly inflation rates elsewhere on this site come from GSS releases directly.
Working out what an investment earned after inflation is a different question. The returns calculator does that.