Producer prices in Ghana’s electricity and gas sector surged in December 2025, standing out against a wider slowdown across the economy, according to the latest Producer Price Index (PPI) from the Ghana Statistical Service (GSS).
Year-on-year, prices in the sector climbed to 6.1% in December, up from 4.0% in November, a jump of 2.1 percentage points in just one month. In other words, producers in electricity and gas were facing the fastest price increases among all major sectors, even as most of the economy experienced more modest changes.
On a month-to-month basis, the trend was similar. After a 0.8% dip in November, electricity and gas prices inched up by 0.1% in December.
While some sectors were seeing falling prices, negative inflation reflecting lower revenues for producers, energy prices quietly pushed higher, signaling persistent cost pressures.
Across the economy, producer prices remained relatively tame. Overall year-on-year inflation nudged up slightly to 1.9% in December from 1.3% in November. But month-on-month, prices fell by 0.8%, reflecting continued declines in several key sectors.
READ ALSO
Manufacturing barely moved, with inflation at 0.1%, and transport, storage, accommodation, and food services all recorded negative growth, meaning producers were receiving less for their goods and services than in the previous month.
Even though electricity and gas account for just 4.3% of the PPI’s total weight, their rapid price increases gave the December index a noticeable boost. By contrast, mining and quarrying recorded 3.3% year-on-year inflation, and construction was at 1.9%, showing much slower price growth.
The December numbers highlight a clear divide in Ghana’s producer-price landscape. While many sectors experienced slow growth, or even price declines, energy costs continued to rise. In a month when much of the economy was easing, electricity and gas proved stubbornly resilient.
