Industrial utility costs remain the heaviest annual cost burden imposed on Ghanaian manufacturers and service providers.
Latest figures from the Ghana Statistical Service (GSS) confirm that Electricity and Gas posted an annual producer inflation rate of 12.3% in August 2026.
While electricity and gas retain the title of the fastest-rising economic activity in the country, the August figure represents a slight moderation from the 13.3% annual inflation rate recorded in July 2026.
More importantly for business cash flows, electricity and gas prices edged down by 0.1% month-on-month in August, reversing a sharp 2.9% monthly gain in July.
Holding a 4.3% weight in the PPI basket, electricity and gas contributed 0.5 percentage points to the headline 4.4% inflation rate. Meanwhile, water supply and waste management maintained an annual inflation rate of 10.1% in August, identical to its July rate.
Month-on-month water utility prices stabilized completely at 0.0% in August, down from 0.4% in July, giving commercial consumers a brief respite from utility rate adjustments.
Overall, Ghana’s producer price inflation rose to 4.4% in August 2026, from 4.0% in July, as price pressures in the mining and quarrying sector intensified, according to the Ghana Statistical Service.
The month-on-month rate also accelerated, reaching 2.5% in August from 2.0% in July, pointing to a faster pace of increase in producer prices during the month.
Mining and quarrying was the main driver of the annual increase. Producer price inflation in the sector rose to 4.9% from 3.5%, contributing 2.1 percentage points to the overall 4.4% rate.
