Ghana recorded a 0.8 percent month-on-month decline in producer prices in December 2025, pointing to easing cost pressures for domestic producers despite a marginal rise in annual producer inflation, the Ghana Statistical Service (GSS) has said.
The latest Producer Price Index (PPI) shows that producer inflation fell from –2.0 percent in November to –0.8 percent in December, indicating that, on average, producers received lower prices for goods and services over the month.
The decline was driven largely by the mining and quarrying sector, which recorded a –1.4 percent month-on-month inflation rate, alongside a –0.6 percent decline in manufacturing prices.
Within mining, sharp price drops were observed in the extraction of crude oil and natural gas, as well as mining support service activities, reflecting volatility in global commodity markets and operational adjustments by producers.
The manufacturing sub-sector showed broad-based price moderation, with notable declines in coke and refined petroleum products, basic metals, and non-metallic mineral products.
However, some industries, such as textiles, leather products, and beverages, recorded double-digit annual price increases, highlighting uneven cost dynamics across manufacturing activities.
In the services sector, month-on-month price movements were mixed. Transport and storage recorded a 0.9 percent increase, while accommodation and food services rose by 0.7 percent, suggesting mild short-term cost pressures in selected service activities.
Despite the monthly decline, year-on-year producer inflation rose to 1.9 percent in December, reflecting higher prices compared with the same period in 2024. The GSS noted that this increase was primarily driven by mining, electricity, and construction activities.
According to the GSS, the PPI is an important indicator for businesses and policymakers, as persistent increases in producer prices can eventually feed into consumer inflation if firms pass higher costs on to households.
The Service recommended that businesses reinvest savings from lower input costs into technology and supply-chain resilience, while households were advised to adopt price-conscious consumption patterns to protect purchasing power amid fluctuating producer prices.
