Ghana’s year-on-year Producer Price Inflation (PPI) for June 2025 stood at 5.9%, marking the lowest level recorded since November 2023.
This figure, released by the Ghana Statistical Service (GSS), represents a 4.2 percentage point drop compared to May 2025, and a significant 19.7 percentage point decline from the rate recorded in June 2024.
It also marks the fifth consecutive month of decline in producer inflation.
On a monthly basis, producer prices recorded a deflation of 1.4% between May and June 2025. This indicates that, on average, producers received lower prices for their goods and services in June compared to the previous month.
The Mining and Quarrying sector—Ghana’s largest contributor to the PPI with a 43.7% weighting—saw inflation plunge by 7.2 percentage points, from 13.7% in May to 6.5% in June 2025.
Likewise, inflation in the Manufacturing sector, which accounts for 35% of the PPI basket, dropped from 9.8% to 7.6%, representing a 2.2 percentage point reduction. These two sectors alone were the primary drivers behind the broader decline in producer inflation.
The data also pointed to continued price reductions in several key sectors. Transport costs, for instance, fell further from -4.8% in May to -7.0% in June 2025.
In the hospitality industry, hotel and restaurant prices reversed sharply—from a 6.5% increase in May to a 2.7% decline in June—representing a dramatic 9.2 percentage point swing.
Presenting the data on Wednesday, July 16, Dr. Alhassan Iddrisu, the Government Statistician, advised businesses to re-evaluate their pricing models and renegotiate contracts strategically.
“Falling costs bring opportunity, but tighter margins too. Stay ahead by innovating, not just adjusting prices,” He urged.
He also urged the government to maintain macroeconomic stability, stimulate production, and provide smart incentives—particularly for sectors like mining and manufacturing—to sustain growth, protect jobs, and drive demand.
To consumers, the GSS advised vigilance: “Buy smart, question markups, and support brands that pass savings on.”
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