The mining and quarrying sector emerged as the main driver of Ghana’s producer price inflation in November 2025, recording a year-on-year inflation rate of 2.3 percent, up from 0.7 percent in October 2025, according to the Ghana Statistical Service (GSS).
The sector, which carries the largest weight in the Producer Price Index (PPI) at 43.7 percent, contributed 1.6 percentage points to overall producer inflation, underscoring its dominant influence on price movements faced by domestic producers.
The GSS noted that the increase in mining and quarrying prices occurred despite an overall easing in headline producer inflation, which declined marginally to 1.3 percent in November from 1.4 percent in October 2025.
However, on a month-on-month basis, producer prices in the mining and quarrying sector fell sharply by 4.7 percent between October and November 2025, contributing significantly to the overall monthly decline of 1.9 percent in producer prices.
A breakdown of sub-sector performance showed notable price increases in mining of metal ores and mining support service activities, while prices declined in crude oil and natural gas extraction as well as other mining and quarrying activities.
The contrasting trends suggest that while annual price pressures in mining and quarrying remain elevated, short-term price movements point to easing conditions, particularly in energy-related extraction.
The GSS explained that fluctuations in global commodity prices, exchange rate movements, and operational costs are key factors influencing producer prices in the mining sector.
Given the sector’s heavy weight in the PPI, the GSS stressed that sustained price changes in mining and quarrying could have significant implications for inflation dynamics, government revenue, and downstream industries that rely on mineral inputs.
