15 items driving Ghana's inflation

A woman selling tomatoes in a market in Dedza, Malawi, along the border with Mozambique.

Ghana’s inflation jumped to 27.6% from the 23.6% recorded in April, 2022, according to recent figures from the Ghana Statistical Service (GSS).

The GSS blamed this on the increase in transport fares and food prices.

According to the Government Statistician, Professor Kobina Annim, the rate of inflations for transport (39.0%), household equipment and maintenance (33.8%), housing, water, gas and electricity (32.3%) and food and non-alcoholic beverages (30.1.6%) were higher than the national average (27.6%).

In May, 2022, 12 of the 13 divisions recorded inflation rates higher than the rolling average from June, 2021 to May, 2022.

Also, the major drivers based on the year-on-year figures show that grapes, which is imported, saw a 100.8% inflation followed by diesel, 81.1%, also imported.

Firewood also saw 73.7% year-on-year inflation.

Below is the full list of the top 15 drivers of inflation in Ghana:

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Ghana Statistical Service (GSS)

Government Statistician Professor Samuel Kobina Annim

Inflation