Connect with us

Hi, what are you looking for?


Ghana’s 29.8% inflation rate highest in 19yrs

Population that is food insecure has more than doubled between 2009 and 2020- GSS

Ghana’s 29.8% inflation rate highest in 19yrs

Year-on-year inflation shot up further by 2.2% to 29.8% in June 2022, latest data from the Ghana Statistical Service (GSS) has revealed.

This is the highest recorded since December 2003.

However, the rate of inflation, according to the inflation curve, has begun slowing down comparatively to previous months.

The rate of inflation was once again driven by Transport (41.6%); Household Equipment and Maintenance (39.6%); Housing, Water, Gas and Electricity (38.4%); Personal Care and Miscellaneous (31.7%); Recreation, Sports and Culture (31.3%) and Food and Non-Alcoholic Beverages (30.7%). These items recorded inflation rates higher than the national average.

According to the figures, food inflation surged to 30.7% in June 2022, from 30.1% recorded in May 2022. Non-food inflation also went up by 3.4% to 29.1% in June 2022.

For food inflation, Oil and Fats (58%); Water (43.2%); Cereal Products (38.4%); Fruit and Vegetable Juices (37.3%); Milk, Diary Products and Eggs (35.7%); Fish and Other Sea Food (34.7%); Live Animals and Meat (33.5%); Soft Drinks (31.1%); Cocoa Drinks (30.9%) and Sugar and Deserts (30.1%) recorded the highest rates of inflation.

Similarly, month-on-month inflation between May 2022 and June 2022 was 3.0%.

Whilst inflation for locally produced items was 29.2%, that of imported items was 31.3%.

Eastern region records highest inflation rate

The Eastern region recorded the highest inflation rate of 35.8% in the month of June 2022.

It was followed by Western region with an inflation rate of 33.9% and then Central region with an inflation rate of 31.6%.

On the other hand, the Greater Accra and Ashanti regions recorded inflation rates of 30.9% and 27.2% respectively.

The Upper East region recorded the lowest rate rate of inflation of 21%. The region again recorded the lowest inflation rate of 19.9% for food inflation.

Eastern region registered the highest rate of inflation of 35.5% for non-food inflation.

Population that is food insecure has more than doubled between 2009 and 2020- GSS

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like


Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...


At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.


Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...


Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Copyright © 2023, Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: