Saturday, May 10, 2025
  • Who We Are
    • About Us
    • How we work
    • Submit a claim to check
    • Partners
    • Our Team
    • Funding
    • Principles
    • Corrections
    • Privacy Policy
    • Press Releases
  • Contact
Ghana Fact
  • Home
  • Governance
  • Politics
    • Election 2020
  • Economy
  • Health
    • COVID-19
  • Environment
  • AI & Deepfakes
  • Other Checks
No Result
View All Result
  • Home
  • Governance
  • Politics
    • Election 2020
  • Economy
  • Health
    • COVID-19
  • Environment
  • AI & Deepfakes
  • Other Checks
No Result
View All Result
Ghana Fact
No Result
View All Result
Home Economy

FACT-CHECK: How does Ghana’s inflation rate compare to 3 other countries in the subregion?

ghanafact by ghanafact
May 23, 2022 - Updated on May 28, 2022
in Economy
Reading Time: 2 mins read
A A
0
FACT-CHECK: How does Ghana's inflation rate compare to 3 other countries in the subregion?
Share on FacebookShare on TwitterShare on ThreadsWhatsApp

Claim: Inflation rates of 4 West African countries

Source: Viral message

Verdict: FALSE

Researched by Gifty Tracy Aminu

Ghana‘s recent record inflation-rate-hike has got many people talking, as the rising cost of living continues to bite.

Concerns about how consumer price inflation for April 2022, reached 23.6%, have led to comparisons between the country’s rising inflation rate and those of 3 other countries in West Africa.

RelatedNews

Four-day oral cholera vaccination campaign in Greater Accra Region ends 

Four-day oral cholera vaccination campaign in Greater Accra Region ends 

Ghana Fact-checking Coalition launches report on Election 2024 coverage

Ghana Fact-checking Coalition launches report on Election 2024 coverage

MFWA, Dubawa and GhanaFact establish Ghana Fact-checking Coalition ahead of December elections

MFWA, Dubawa and GhanaFact establish Ghana Fact-checking Coalition ahead of December elections

FACT-CHECK: Caucasian woman seen crying in viral video is NOT Christian Atsu’s wife

FACT-CHECK: Caucasian woman seen crying in viral video is NOT Christian Atsu’s wife

A widely circulated message compares the inflation rate of four countries – Nigeria, Togo, Ivory Coast and Ghana and shows that Ghana has the highest inflation rate.

FACT-CHECK: How does Ghana's inflation rate compare to 3 other countries in the subregion?
A screenshot of a Facebook post

 

FACT-CHECK: How does Ghana's inflation rate compare to 3 other countries in the subregion?
A screenshot of a Tweet

 

The viral message shared across social media platforms (Facebook, Twitter and WhatsApp) listed the inflation rates in the 4 countries as follows: “Nigeria – 15%, Togo – 7%, Ivory Coast – 4% and Ghana – 23%.”

This fact-check seeks to verify the accuracy of the rates as captured in the viral message.

 

Fact-Check

GhanaFact looked out for the inflation rates in all the listed countries for the month of April 2022, to ensure standardisation.

According to the National Bureau of Statistics of Nigeria, the country’s latest inflation rate – April 2022 – is 16.82%. In the preceding month – March 2022 – inflation stood at 15.92%. So the viral claim that Nigeria’s inflation was 15% is inaccurate.

The inflation rate of Cotê D’Ivoire – April 2022 – is 4.6%, an increase of  0.4% compared to that of March 2022,  according to the National Institute of Statistics. However, the viral message said Ivory Coast’s inflation rate stood at 4% – which is inaccurate.

In the case of Togo, the country’s inflation rate as of April 2022 was 7.5%, according to the National Institute of Statistics and Economic and Demographic Studies (INSEED), and not 7% as claimed in the viral message.

Meanwhile, Ghana’s inflation rate as of the end of April was 23.6%, according to the Ghana Statistical Service (GSS).

 

Verdict

The viral message is rated FALSE.

 

Update

The fact-check was initially rated Partly false. But has now been updated to false. 

 

 

Tags: ghana factGhana Fact-CheckGhanaFact
ShareTweetShareSend

Related Posts

Misleading! All foreign gold traders have not been ordered to leave Ghana by April 30

Misleading! All foreign gold traders have not been ordered to leave Ghana by April 30

False! IMF hasn’t complained about number of committees created by the Mahama-led government

False! IMF hasn’t complained about number of committees created by the Mahama-led government

FACT-CHECK: Claim that Ghana imported GH¢6.2 billion worth of excavators in 2024 is misleading

FACT-CHECK: Claim that Ghana imported GH¢6.2 billion worth of excavators in 2024 is misleading

Live Fact-Checking of 2025 budget presentation by Minister for Finance

FACT-CHECK: Did the Finance Minister introduce five new taxes in the 2025 budget?

False! There are no sanctions for owning, wearing gold in GoldBod law

False! There are no sanctions for owning, wearing gold in GoldBod law

False! Donald Trump’s 10% tariff on Ghana has nothing to do with Vice President Opoku-Agyemang’s comment on USAID

False! Donald Trump’s 10% tariff on Ghana has nothing to do with Vice President Opoku-Agyemang’s comment on USAID

Load More

Most Recent

Analysis: Why the media reported different 2025 GETFund allocations for MPs

Analysis: Why the media reported different 2025 GETFund allocations for MPs

What Mahama said about 2 ‘Broken Promises’ in GhanaFact’s First 120 Days Social Contract report

What Mahama said about 2 ‘Broken Promises’ in GhanaFact’s First 120 Days Social Contract report

FACT-CHECK: Has Niger adopted Hausa as a new official language?

FACT-CHECK: Has Niger adopted Hausa as a new official language?

PROMISE METER: Fact-checking all 25 promises in President John Mahama’s 120-day social contract

PROMISE METER: Fact-checking all 25 promises in President John Mahama’s 120-day social contract

Load More

Most Popular

FACT-CHECK: John Boadu falsely claims less than 10 NPP MPs from 2016 are still in Parliament 

FACT-CHECK: John Boadu falsely claims less than 10 NPP MPs from 2016 are still in Parliament 

Analysis: Why the media reported different 2025 GETFund allocations for MPs

Analysis: Why the media reported different 2025 GETFund allocations for MPs

False! NPP MP wrongly claims NDC chairman Asiedu Nketiah is on 9th Parliamentary Service Board 

False! NPP MP wrongly claims NDC chairman Asiedu Nketiah is on 9th Parliamentary Service Board 

Misleading: Not all seedless fruits are genetically modified as claimed by viral watermelon post

Misleading: Not all seedless fruits are genetically modified as claimed by viral watermelon post

Load More
Ghana Facts - factscheck

GhanaFact is a project by FactSpace West Africa aimed at curbing the spread of disinformation on traditional and social media.

Follow Us

Browse Articles

  • AI & Deepfakes
  • DisinfoLab
  • Economy
  • Election 2020
  • Election 2024
  • Environment
  • General News
  • Governance
  • Health
    • COVID-19
  • Other Checks
  • Politics
  • Press Releases
  • Promise Meter

Contact

Address: P. O. Box AB 521, Abeka-Lapaz, Accra

WhatsApp: +233 244 49 9971

Phone: +233 302 438 064

Email: [email protected]

IFCN
  • Submit a claim to verify
  • Contact
  • Corrections
  • Team
  • About
  • Funding
  • How we work
  • Partners
  • Principles
  • Privacy Policy

© 2025 Ghana Fact - All rights reserved - Web development by EnspireFX websites.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Contact Us
  • Governance
  • Politics
    • Election 2020
    • Election 2024
  • Economy
  • Health
    • COVID-19
  • Environment
  • Other Checks
  • AI & Deepfakes
  • Who We Are
    • About Us
      • Partners
      • Press Releases
      • Principles
      • Privacy Policy
    • How we work
    • Submit a claim to check
    • GhanaFact Team
    • Funding
    • Corrections

© 2025 Ghana Fact - All rights reserved - Web development by EnspireFX websites.