Ghana’s Inflation rate hits 15.7% in February 2022

The national year-on-year inflation rate has increased to 15.7% in February 2022, which is 1.8 percentage points higher than the 13.9% recorded in January 2022, the Ghana statistical service has said.

Professor Samuel Kobina Anim, the Government Statistician who announced this explained, that this is the highest figure recorded since 2016.

Month-on-month inflation between January 2022 and February 2022 was 2.4

According to the GSS, three divisions (Housing, Water, Electricity, Gas and Other Fuels, Transport and Food and Non-Alcoholic Beverages) recorded inflation rates above the national average of 15.7% with Housing, Water, Electricity, Gas and other Fuels (25.4% ) recording the highest inflation.

Source: ghextractives.com