Producer Price Inflation Dips to 3.8% in July, Lowest Since November 2023
Ghana’s Producer Price Inflation (PPI) fell to 3.8% in July 2025, down from 5.8% in June, marking the sixth consecutive monthly decline and the lowest rate recorded since November 2023.
Data released by the Ghana Statistical Service (GSS) showed that on a month-on-month basis, producer prices rose by 1.6% in July compared to June 2025.
The fall was driven largely by Ghana’s two biggest sub-sectors — Mining and Quarrying, and Manufacturing — which together account for nearly 79% of the PPI basket.
Mining and Quarrying, which holds a weight of 43.7%, saw inflation drop from 6.5% in June to 4.6% in July. Manufacturing, with a 35% weight, fell more sharply, easing from 7.2% to 3.6%.
Other notable movements included transport costs, which declined further from -7.0% to -8.1%, while hotel and restaurant prices remained unchanged at 2.6%.
The GSS said the continued moderation in producer inflation presents both opportunities and challenges for businesses, advising firms to rethink pricing strategies, renegotiate costs smartly, and focus on innovation to stay ahead amid tighter margins.
For the government, the Service recommended locking in stability, boosting production, and supporting key sectors such as mining and manufacturing with targeted incentives to sustain demand and protect jobs.
Households and consumers were also encouraged to monitor price movements closely. “If producer costs are falling, retail prices should too, all else remaining constant. Buy smart, question markups, and support brands that pass savings on,” the GSS advised.
