Businesses and investors have been urged to strengthen cost controls, improve operational efficiency and invest in productivity-enhancing technologies as rising producer prices put pressure on production costs and competitiveness.
The call follows the latest Producer Price Index (PPI) data from the Ghana Statistical Service (GSS), which showed producer price inflation rising to 4.4 percent in August 2026, from 4.0 per cent in July.
Month-on-month producer inflation also increased to 2.5 percent in August, compared with 2.0 percent in July, signalling renewed pressure on the cost of producing goods and services.
The GSS said businesses should manage rising input costs by improving operational efficiency, strengthening cost controls and reviewing pricing decisions carefully to protect profitability without unnecessarily losing customers.
It also recommended that companies secure critical inputs by maintaining appropriate inventories and diversifying suppliers to reduce exposure to sudden price increases and supply disruptions.
The report further encouraged businesses to invest in productivity-enhancing technologies and processes to improve efficiency and maintain competitiveness.
The recommendations come as industry remains one of the major sources of producer price pressure.
Producer inflation in industry, excluding construction, increased from 5.6 percent in July to 6.3 percent in August.
Mining and quarrying recorded the strongest pressure among the major activities, with year-on-year producer inflation rising from 3.5 percent to 4.9 percent. Its month-on-month rate also increased from 3.0 percent to 4.9 percent.
Crude oil and natural gas extraction was the biggest driver within mining, recording a 12.9 percent producer inflation rate in August.
The GSS said producer prices serve as an early warning indicator because changes at the factory gate can occur before their effects become visible in consumer prices.
For businesses, the latest figures therefore point to the need for closer monitoring of input costs, supply chains and productivity as they make pricing and investment decisions.
The GSS said businesses that improve efficiency and manage their input requirements effectively could better withstand emerging cost pressures while maintaining their competitiveness.
