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.
The sector carries the largest weight in the Producer Price Index, accounting for 43.7% of the index. Its monthly rate also rose sharply, from 3.0% in July to 4.9% in August, the highest among the activities covered by the index.
Within mining and quarrying, the strongest increase came from the extraction of crude oil and natural gas, where producer price inflation reached 12.9% in August.
Mining support service activities recorded inflation of 5.7%, while other mining and quarrying rose by 5.6%. Mining of metal ores, meanwhile, recorded a 0.4% decline, although that was an improvement from the 2.3% decline recorded in July.
The movement in producer prices was less pronounced in other parts of the economy.
Industry excluding construction recorded inflation of 6.3%, up from 5.6% in July, with its month-on-month rate reaching 3.1%.
Construction, however, eased to 4.5% from 4.8%, while prices in the sector fell 0.2% during August. Within construction, the annual rate for construction of buildings stood at 6.9%, compared with 4.3% for specialised construction and 3.5% for civil engineering.
Services recorded the slowest annual increase among the three broad sectors, with producer price inflation falling to 1.8% from 2.5% in July. Prices in services also declined by 0.3% during August.
Despite the overall slowdown in services, there were sharp differences across individual activities. Motion picture, video and television production, sound recording and music publishing recorded an 87.9% annual increase, while land transportation recorded 23.4%.
Transport and storage as a whole, however, recorded a lower annual rate of 6.5%, down from 10.1% in July, with its monthly rate falling 1.3%.
Manufacturing, which accounts for 35% of the Producer Price Index, was broadly stable. Its annual inflation rate edged down to 3.6% from 3.7%, while the monthly rate remained at 1.3%.
But the manufacturing figures also show that cost pressures vary significantly across industries.
Producer price inflation for leather and related products reached 17.4%, followed by fabricated metal products at 16.4%. Furniture recorded 9.2%, machinery and equipment 8.5%, wood and wood products 8.4%, and food products 7.1%.
At the other end, motor vehicles, trailers and semi-trailers recorded no change, while other non-metallic mineral products recorded a 2.4% decline.
The latest figures therefore point to a producer-price environment where pressure is concentrated more heavily in industry, particularly mining, rather than being spread evenly across the economy.
