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Analyst Makes Strong Case for Ghana to Ditch Non-Oil GDP for Non-Gold GDP: Here is Why
News

GHEITI Urges Government to Ring-Fence Oil Revenues for Big Push Infrastructure

Ghana to Begin Local Gold Refining in October 2025 – Sammy Gyamfi
Business & Economy

Ghana to Begin Local Gold Refining in October 2025 – Sammy Gyamfi

Cedi Appreciates, But Exports at Risk: Why Gov't Must Prioritize Cutting Cost of Doing Business
Business & Economy

Ghana’s Exports Skyrocket to US$16.5 Bn 

Crude Oil Projected to Hit $120 Amid Middle-East Crisis, Threatening Ghana Cedi's Stability
Business & Economy

Oil, Gas, Gold, Copper, Sugar, and Rice Drive Africa’s Trade Outlook — Afreximbank Commodity Bulletin

BoG Reassures Businesses Economy Is on Stable Path, Pledges Greater Stakeholder Engagement
Business & Economy

BoG Reassures Businesses Economy Is on Stable Path, Pledges Greater Stakeholder Engagement

Cotton Rally Opens Window for Africa, But Value Addition Is Key, Afreximbank Says
African PerspectiveBusiness & Economy

Cotton Rally Opens Window for Africa, But Value Addition Is Key, Afreximbank Says

Rethinking Ghana’s Resource Management & Ownership: Lessons from Saudi Arabia – Dr. Donkor’s Insight
News

Mining & Transport Drive Producer Inflation as Key Sectors Remain Stable

World News

Libyan Oil Shutdown Begins as UN Warns of Economic Collapse Amid Ongoing Feud

Economist Urges Ghana to Turn Trade Surplus into Real Sector Growth
News

Economist Urges Ghana to Turn Trade Surplus into Real Sector Growth

Government Seeks to Turn Digital Services Into Major Export Industry
Innovation

Government Seeks to Turn Digital Services Into Major Export Industry

Nominal Trade Surplus Masks Real Trade Deficit: Interpreting Ghana’s External Accounts Beyond the Headlines
Business & Economy

Nominal Trade Surplus Masks Real Trade Deficit: Interpreting Ghana’s External Accounts Beyond the Headlines

Tullow Oil Exits Kenya in At Least $120 Million Deal, Keeps Option to Rejoin in Future
Global Perspectives & Leisure

Tullow Oil Exits Kenya in At Least $120 Mn Deal, Keeps Option to Rejoin in Future

Business & Economy

Relief for Consumers as GOIL Reduces Fuel Prices

Will Ghana Build Value at Home Instead of Exporting Raw Materials? McDan Weighs in
Business & Economy

Will Ghana Build Value at Home Instead of Exporting Raw Materials? McDan Weighs in

Ghana’s manufacturing sector recorded a year-on-year decline of 2.2 percent in producer prices in March 2026, according to the latest Producer Price Index (PPI) report released by the Ghana Statistical Service, reflecting a broad easing in the cost of production across key industrial segments, particularly petroleum refining, basic metals, and non-metallic mineral products. The data, captured in the GSS’s monthly PPI newsletter, points to a sector experiencing mixed price dynamics. While the broader economy recorded a modest overall PPI inflation of 1.5 percent, the decline in manufacturing prices suggests that producers in several capital-intensive industries are facing lower input and output price pressures, which could improve cost efficiency and provide some relief to both firms and end consumers over time. The most significant price decline was recorded in the Manufacture of Coke and Refined Petroleum Products, where producer prices fell by 13.9 percent in March 2026, an improvement from the sharper 21.5 percent decline observed in February. This trend reflects the impact of moderating global crude oil prices and reduced cost pressures within the supply chain. In such an environment, domestic refiners may benefit from lower production costs, although competitive pressures, including a strong preference for imported refined products, may influence how much of these cost savings are retained or passed on to the market. Basic Metals recorded a producer price decline of 11.3 percent, while the Manufacture of Other Non-Metallic Mineral Products, which includes cement and construction materials, fell by 11.2 percent. These developments suggest that producers in these segments are operating in a lower-cost environment, which could translate into more affordable inputs for construction and infrastructure projects. The Construction sector’s producer price inflation eased from 0.3 percent in February to 0.1 percent in March, indicating emerging cost pass-through effects Similarly, the Manufacture of Wood and Cork Products declined by 9.5 percent, pointing to reduced pricing pressures across the value chain. While this may support cost efficiency for downstream industries, prolonged price declines could also affect revenue margins if not matched by increased sales volumes. In contrast, some segments of manufacturing are experiencing rising cost pressures. The Manufacture of Beverages recorded the highest producer price inflation among all 23 sub-groups at 15.2 percent in March, up from 14.8 percent in February. This sustained increase suggests that producers in this segment are facing higher input costs, which are likely being passed on through the value chain, ultimately contributing to higher prices for consumers. Rubber and Plastics Products also recorded inflation of 8.3 percent, while Leather, Textiles, and Electrical Equipment showed moderate price increases, indicating pockets of rising production costs within consumer-oriented manufacturing. These contrasting trends highlight an important dynamic within Ghana’s industrial landscape. While declining producer prices in heavy manufacturing may ease cost burdens and improve the affordability of industrial inputs, rising prices in consumer-focused segments suggest that inflationary pressures remain unevenly distributed across the sector. The easing of producer prices in mineral- and petroleum-based industries could support Ghana’s broader industrialisation agenda by lowering the cost base for production and potentially enhancing competitiveness. However, the persistence of price increases in other segments underlines the need for targeted interventions to manage cost pressures and ensure that gains from lower producer prices are effectively transmitted to consumers.
News

Ghana’s Manufacturing Sector Records Price Decline, Offering Relief to Producers