Producer Price Inflation Eases to 1.6% in January 2026, GSS Data Show
Producer Price Inflation (PPI) in Ghana declined marginally to 1.6 per cent in January 2026 from 1.9 per cent recorded in December 2025, according to the latest data released by the Ghana Statistical Service (GSS).
The 0.3 percentage point decline, published on February 18, 2026, indicates a continued moderation in price pressures at the producer level.
On a year-on-year basis, the GSS said ex-factory prices of goods and services increased by 1.6 per cent between January 2025 and January 2026. This represents a sharp deceleration of 26.9 percentage points from the 28.5 per cent recorded in January 2025, underscoring a significant easing in producer inflation over the past year.
However, month-on-month data point to renewed short-term pressures. Producer prices rose by 3.3 per cent in January 2026, a sharp turnaround from the 0.8 per cent contraction recorded in December 2025.
Sectoral performance across the economy was mixed as Mining and quarrying, which carries the largest weight of 43.7 per cent in the PPI basket, recorded a year-on-year inflation rate of 3.7 per cent in January 2026, up from 3.3 per cent in December 2025, reflecting a 0.4 percentage point increase.
By contrast, the manufacturing sector, accounting for 35 per cent of the index, saw producer inflation fall sharply into negative territory. Inflation in the sector declined to negative 2.2 per cent in January 2026 from 0.1 per cent in December 2025, representing a 2.3 percentage point drop.
The utilities sub-sectors recorded notable increases. Electricity and gas inflation rose to 14.8 per cent in January 2026 from 6.1 per cent in December 2025, while water supply, sewerage and waste management climbed to 9.9 per cent from 2.3 per cent over the same period.
Meanwhile, the transport and storage sub-sector continued to record deflation, with inflation easing further to negative 6.9 per cent in January 2026 from negative 3.7 per cent in December 2025.
Accommodation and food service activities also recorded deeper deflation, with inflation declining to negative 5.4 per cent in January 2026 compared to negative 3.2 per cent in the previous month.
Information and communication registered a slight moderation, easing to 1.4 per cent in January 2026 from 1.7 per cent in December 2025.
Overall, while annual producer price inflation remains on a downward trajectory, the sharp month-on-month increase suggests emerging short-term cost pressures that could influence pricing decisions across key sectors in the months ahead.
