Ghana’s Producer Price Inflation Edges Up to 3.2% in September Amid Modest Industrial Gains
Ghana’s producer price inflation (PPI) rose slightly to 3.2% in September 2025, according to the Ghana Statistical Service (GSS). This marks a 0.2 percentage point increase from the 3.0% recorded in August, reflecting mild upward pressure on production costs. However, the rate represents a significant drop of 27.3 percentage points from September 2024, when inflation levels were considerably higher.
The GSS report showed that on a month-to-month basis, producer prices climbed by 0.9%, indicating that producers received nearly 1% more for their goods and services than they did in August. Analysts say this trend suggests a cautious recovery in industrial pricing after months of relative stability, supported by gradual improvements in manufacturing and mining output.
In the sectoral breakdown, the Mining and Quarrying industry—which carries the largest weight in the PPI basket at 43.7%—posted a modest increase in inflation from 4.9% to 5.0%. Similarly, Manufacturing, which contributes about 35% to the index, inched up from 1.6% to 1.7%, driven by higher input costs and a gradual rebound in local demand.
However, the Transport and Storage sector continued to drag overall performance, as prices in that category fell by 8.2% in September, compared to a decline of 8.0% the previous month. Economists note that persistent fuel price volatility and logistics inefficiencies remain key challenges dampening growth within the sector.
The GSS urged both businesses and government to respond strategically to the evolving price environment. It encouraged firms to reduce waste, improve efficiency, and invest in technology and skills development to stay competitive. The Service also called on the government to implement tax reliefs, address energy and transport bottlenecks, and strengthen local supply chains to make production cheaper. For consumers, the agency advised smart spending habits, urging households to compare prices, buy wisely, and support fair-pricing businesses.
source: citi newsroom