Producer Price Inflation up slightly to 3.2% September
By Praisebell Rosemond Larbi
Ghana’s producer price inflation (PPI), which measures the average change over time in prices received by domestic producers for their goods and services, rose marginally to 3.2 per cent in September 2025, up from 3.0 per cent in August 2025, according to the Ghana Statistical Service (GSS).
The increase represents a 0.2 percentage point rise month-on-month but marks a substantial 27.3 percentage point decline compared to the 30.5 per cent recorded in September 2024, reflecting the overall easing of inflationary pressures across the production chain over the past year.
On a month-on-month basis, producer prices grew by 0.9 per cent, meaning that, on average, producers received prices that were 0.9 per cent higher for their goods and services in September compared to August.
The GSS data showed varied trends across key sectors:
Mining and Quarrying, which accounts for 43.7 per cent of the PPI basket, recorded a slight uptick in inflation from 4.9 per cent in August to 5.0 per cent in September.
Manufacturing, representing 35 per cent of the index, also saw a modest increase from 1.6 per cent to 1.7 per cent, driven mainly by higher input costs in food processing, beverages, and construction materials.
Transport and Storage continued to experience price deflation, with a decline of 8.2 per cent in September compared to 8.0 per cent in August, reflecting lower fuel prices and improved logistics efficiency.
The GSS noted that the moderate upward movement in producer prices suggests relative stability in the cost structure of industries, although certain supply chain and energy cost issues persist.
It recommended that businesses take advantage of the current price moderation to cut operational waste, boost efficiency, and reinvest in technology and skills development to enhance productivity.
The Service also urged government to strengthen local supply chains, address transport and energy constraints, and offer targeted tax incentives to lower production costs and improve competitiveness.
For households and consumers, the GSS advised prudent spending habits: “Compare prices, buy smart, and favour sellers who pass on savings. Spend with intention to stretch income and reward fair pricing.”
The latest PPI figures point to a cautiously improving cost environment, suggesting that Ghana’s industrial and service sectors are gradually stabilising after two years of significant inflationary volatility.
