Ghana’s year-on-year producer price inflation eased marginally to 1.3 percent in November 2025, down from 1.4 percent recorded in October, the Ghana Statistical Service (GSS) has announced.
The decline represents a 0.1 percentage point reduction and reflects moderating price pressures faced by domestic producers, according to the latest Producer Price Index (PPI) and Inflation Report released by the Service.
The PPI, which measures the average change in ex-factory prices received by domestic producers for their goods and services, stood at 268.2 in November 2025, compared to 273.4 in October 2025 and 264.7 in November 2024 .
On a month-on-month basis, producer inflation recorded a sharper movement, falling by 1.9 percent between October and November 2025.
This indicates that, on average, prices received by producers declined over the one-month period.
The Government Statistician, Dr Alhassan Iddrisu, explained that the PPI is computed using a fixed basket of 2,639 products collected monthly from 603 domestic producers, with March 2020 to February 2021 as the base period.
The prices exclude taxes, subsidies, and intermediary costs, focusing strictly on factory gate prices .
Data from the report show mixed sectoral performance. Mining and quarrying, the largest contributor to the PPI with a weight of 43.7 percent, recorded an increase in year-on-year inflation from 0.7 percent in October 2025 to 2.3 percent in November 2025, contributing 1.6 percentage points to overall inflation.
In contrast, the manufacturing sector, which carries a 35.0 percent weight, saw its producer inflation decline sharply from 2.5 percent in October to 0.5 percent in November, representing a loss of 2.0 percentage points.
Electricity and gas recorded a year-on-year inflation rate of 4.6 percent, while water supply, sewerage and waste management stood at 2.3 percent. Construction inflation increased slightly to 0.7 percent.
Within the services sector, transport and storage continued its deflationary trend, falling further from -8.8 percent in October to -9.0 percent in November.
Accommodation and food services also declined to -6.2 percent, while information and communication recorded a positive inflation rate of 1.5 percent.
On a month-on-month basis, the overall PPI declined by 1.9 percent, driven largely by a 4.7 percent fall in mining and quarrying prices.
Manufacturing prices rose modestly by 0.4 percent, while construction recorded a 0.4 percent increase. Electricity and gas prices fell by 0.2 percent over the month.
The GSS attributed the overall easing in producer inflation to declining prices in key sectors, particularly manufacturing and transport-related services.
The Service advised households to practise intentional spending and stay informed about inflation trends to protect their purchasing power.
Businesses were encouraged to improve efficiency, reduce waste, and reinvest cost savings into productivity and skills development.
For government, the GSS recommended targeted incentives for firms expanding production capacity and adopting advanced technologies, as well as addressing structural bottlenecks in energy, transportation, and logistics that raise production costs and reduce competitiveness.
