Ghana’s year-on-year producer price inflation rose to 1.9 percent in December 2025, up from 1.3 percent in November, driven largely by rising prices in the mining, quarrying, and electricity sectors, the Ghana Statistical Service (GSS) has reported .
According to the GSS, the Producer Price Index (PPI) stood at 266.0 in December 2025, compared with 261.1 in December 2024, indicating a modest increase in average ex-factory prices received by domestic producers over the 12-month period .
The data shows that while annual producer inflation edged up, month-on-month inflation declined by 0.8 percent, suggesting a short-term easing in producer prices between November and December 2025.
The mining and quarrying sector, which carries the largest weight in the PPI basket at 43.7 percent, recorded a year-on-year inflation rate of 3.3 percent, up from 2.3 percent in November 2025.
This increase alone contributed 1.0 percentage point to overall producer inflation, underscoring the sector’s dominant influence on production costs in the economy.
Similarly, electricity and gas prices rose sharply, with producer inflation in the sector increasing from 4.0 percent to 6.1 percent, reflecting higher operational and energy-related costs faced by producers.
In contrast, the manufacturing sector, which accounts for 35 percent of the PPI weight, saw producer inflation fall to 0.1 percent in December, down from 0.5 percent in November, contributing negatively to overall inflation and helping to moderate price pressures.
The services sector recorded mixed performance. Transport and storage prices remained in deflationary territory, though the rate improved from –10.2 percent in November to –3.7 percent in December, while accommodation and food services posted a –3.2 percent year-on-year inflation rate.
Presenting the data, Government Statistician, Dr. Alhassan Iddrisu, explained that the PPI reflects prices producers receive at the factory gate and excludes taxes, subsidies, and intermediary costs, making it a key early indicator of future consumer inflation trends .
The GSS advised businesses to improve productivity and cost efficiency to remain competitive amid uneven sectoral price movements, while government was encouraged to reduce structural production costs through improvements in energy supply, transport, and logistics infrastructure
