Producer Price Inflation Rises Marginally to 3.2% in September
Ghana’s year-on-year Producer Price Inflation (PPI) for all goods and services rose to 3.2% in September 2025, representing a 0.2 percentage point increase from the 3.0% recorded in August 2025, according to the latest data from the Ghana Statistical Service (GSS).
Despite the uptick, the September 2025 rate is 27.3 percentage points lower than the 30.5% recorded in the same period last year, reflecting a sustained moderation in producer price pressures over the past twelve months.
On a month-on-month basis, the GSS noted that prices received by producers for goods and services increased by 0.9% in September, compared to August 2025.
The Mining and Quarrying sector, which accounts for the largest share of the PPI basket with a weight of 43.7%, recorded a marginal increase in inflation from 4.9% in August to 5.0% in September 2025.
Similarly, inflation in the Manufacturing sector, representing 35% of the index, rose slightly from 1.6% to 1.7% during the same period.
However, the Transport and Storage sector continued to record price declines, with inflation falling by 8.2% in September, compared to a decline of 8.0% in August 2025.
In its policy advisory accompanying the release, the GSS urged businesses to cut waste, boost efficiency, and reinvest savings in technology and workforce development. The Service also encouraged firms to convert inflationary pressures into productivity gains, adding that government policy should focus on targeted tax reliefs, energy and transport reforms, and strengthening local supply chains to reduce production costs and enhance competitiveness.
For households, the GSS advised consumers to compare prices, spend intentionally, and support businesses that pass on cost savings.
