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The Economic Intelligence Unit (EIU) made this revelation in its latest report on the country.
The increase is due to the poor performance of the Ghana cedi.
Although inflation fell last month, the Economist Intelligence Unit (EIU) predicts that the weak performance of the local currency will nullify the work done by the central bank to control inflation.
Last year, the Bank of Ghana ran out of reserves to support the cedi. The cedi has been strongly supported by international reserves of more than 600 million US dollars to slow down its depreciation in order to preserve the gains achieved by reducing the key rate.
As of February 14, the cedi's was depreciated by 3.5% against the US dollar, compared with the 0.0026% appreciation recorded at the same time last year.
But pressure on the cedi continues as tightening US monetary policy and other internal factors make the dollar too strong for the local currency.
According to the report, "we expect that inflation will remain high in 2019, reaching 11%, while the weaker cedi, combined with modest growth in private consumption, continues to drive up consumer prices"
Average consumer prices, which fell by 9% last month, are also expected to reach 11% this year due to considerable pressure on the cedi.
One dollar is currently equivalent to 5.26 Ghana cedis.
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