Prices & public finance · Sub-Saharan Africa · Lower-middle income
Ghana: prices, money and public finance
Inflation is 14.2% (2025), 14th of 180 in the world and 8th of 44 in Sub-Saharan Africa. GDP deflator is 14.4% (2025), 18th of 209 in the world and 7th of 46 in Sub-Saharan Africa. Exchange rate is 12.56 (2025), 104th of 210 in the world and 47th of 47 in Sub-Saharan Africa.
Inflation
GhanaSub-Saharan AfricaLower-middle incomeWorld
GDP deflator
GhanaSub-Saharan AfricaLower-middle incomeWorld
11 indicators
Prices & public finance: Ghana in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 14.2%2025 | 14/180 | 8/44 | 40.2% | 10.7% | 9.9% | −2.9 ppsince 2015 | 3.4% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 14.4%2025 | 18/209 | 7/46 | 27.2% | 16.6% | 9.4% | +1.2 ppsince 2015 | 4.1% | 5.0% | 3.3% | |
| Exchange rateOfficial exchange rate, local currency per US$ | 12.562025 | 104/210 | 47/47 | 0.54 | 1.43 | 5.60 | +238%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 12.4%2023 | 104/142 | 19/32 | 17.2%2001 | 13.4% | 11.3% | +1.7 ppsince 2013 | — | 12.1% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 15.0%2023 | 119/142 | 20/32 | 18.1%2001 | 16.7% | 13.8% | +0.8 ppsince 2013 | — | 14.2% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 22.7%2022 | 91/142 | 12/32 | 18.7%2001 | 20.2% | 21.9% | −4.2 ppsince 2012 | — | 15.7% | 28.5% | |
| External debtExternal debt stocks, % of GNI | 46.9%2024 | 51/119 | 18/43 | 139.4% | 56.8% | 57.0% | −8.1 ppsince 2014 | — | 30.1% | — | |
| Private creditDomestic credit to private sector, % of GDP | 7.9%2025 | 157/169 | 33/42 | 14.0% | 16.7% | 13.1% | −10.0 ppsince 2015 | 31.7% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 28.9%2025 | 124/146 | 24/42 | 28.2% | 29.6% | 30.8% | +3.2 ppsince 2015 | 42.6% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.82025 | 100/165 | 16/32 | 1.1 | 4.3 | 3.3 | +24%since 2015 | 6.1 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 0.48%2025 | 146/156 | 43/45 | 0.44% | 0.28% | 0.35% | +0.1 ppsince 2015 | 1.13% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−2.9 pp14.2% in 2025
- External debt−8.1 pp46.9% in 2024
- Reserves, months of imports+24%3.8 in 2025
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Ghana and its neighbours
Countries sharing a land border with Ghana. Latest values since 2005; the highest in each row is marked.
| Indicator | Ghana | Côte d'Ivoire | Burkina Faso | Togo |
|---|---|---|---|---|
| Inflation | 14.2%2025 | 0.1%2025 | -0.6%2025 | 0.4%2025 |
| GDP deflator | 14.4%2025 | 3.2%2025 | 8.8%2025 | 0.8%2025 |
| Exchange rate | 12.562025 | 581.932025 | 581.932025 | 581.932025 |
| Tax revenue | 12.4%2023 | 13.0%2023 | 18.7%2024 | 13.9%2023 |
| Government revenue | 15.0%2023 | 13.4%2023 | 21.2%2024 | 15.7%2023 |
| Government expense | 22.7%2022 | 17.9%2023 | 19.6%2023 | 16.0%2023 |
| External debt | 46.9%2024 | 48.8%2024 | 48.8%2024 | 43.2%2024 |
| Private credit | 7.9%2025 | 22.7%2025 | 22.7%2025 | 23.0%2025 |
| Broad money | 28.9%2025 | 42.2%2025 | 43.3%2025 | 45.6%2025 |