Ghana’s producer price inflation (PPI) dropped to 3.0% in August 2025, down from 3.6% in July, marking the lowest rate since November 2023 and the seventh consecutive month of decline, according to the Ghana Statistical Service (GSS).
The Producer Price Index, which measures the average changes in factory gate prices received by domestic producers, rose to 267.7 in August from 262.2 in July.
Year-on-year, the figure represents a 3.0% increase in the ex-factory prices of goods and services, significantly lower than the 33.2% recorded in August 2024.
Government Statistician, Dr. Alhassan Iddrisu, presenting the data, attributed the slowdown mainly to weaker price pressures in the manufacturing sector, which accounts for 35% of the index. Inflation in the sector fell from 3.2% in July to 1.6% in August.
Similarly, accommodation and food services prices declined further from -2.7% in July to -3.1% in August.
By contrast, mining and quarrying, the largest sector with a weight of 43.7%, recorded a slight uptick in inflation from 4.6% to 4.9%. Electricity and gas also inched up from 6.7% to 6.9%.
On a month-to-month basis, producer inflation rose to 2.1% in August from 1.5% in July, driven largely by higher prices in mining, transportation, and manufacturing.
The GSS advised businesses to take advantage of the current low inflation to reduce costs and reinvest in productivity.
It also urged government to sustain support for industry through tax reliefs and infrastructure investment, while encouraging households to plan spending and savings strategically.
“The decline in producer inflation is a positive signal for the economy, but businesses and policymakers must remain vigilant in positioning against future shocks,” Dr. Iddrisu noted.
The PPI report provides an important gauge for future consumer price trends, as producer prices often feed into retail prices.
