Looks like inflation rate is actually coming down to around 15%, but past several years it has been above 20%. In 2007 the cedi was redenominated and reissued, basically at 1 cedi per dollar. The cedi now is at about 3 per dollar. So the dollar has gone up 300% in just 7 years… implies about a 16% inflation rate if dollar has not also been appreciating or depreciating. Now, an inflation rate of 15% annual is high by world standards in the 2000s…. why is there so little discontent?
GDP per capita growth, in real terms, has been solid 3% a year or more. Who cares about inflation in that context?
