Cost of food in Ghana increased 7.20 percent in December of 2019 over the same month in the previous year. Food Inflation in Ghana averaged 7.56 percent from 2013 until 2019, reaching an all time high of 9.70 percent in December of 2016 and a record low of 5 percent in July of 2014. source: Ghana Statistical Services
Food Inflation in Ghana is expected to be 7.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Ghana to stand at 6.60 in 12 months time. In the long-term, the Ghana Food Inflation is projected to trend around 7.00 percent in 2020, according to our econometric models.