The year-on-year (YoY) producer price inflation (PPI) for all goods and services stood at 1.4% in February 2026.

Therefore, on average, the ex-factory price of goods and services increased by 1.4% between February 2025 and February 2026.

This rate is 0.2 percentage points lower than the January 2026 producer inflation rate.

Mining and Quarrying, the largest sector with a weight of 43.7%, recorded a 0.4 percentage point increase in producer inflation. It rose from 3.7% in January 2026 to 4.1% in February 2026.

The Manufacturing sector, which makes up 35% of the PPI weights, decreased from -2.3% in January 2026 to -2.9% February 2026, losing 0.6 percentage points.

The producer inflation in the transport and storage sub-sector continued to fall, declining from -6.9% in January 2026 to -8.6% in February 2026.

Meanwhile, the Ghana Statistical Service (GSS) advised consumers to shift consumption toward goods and services with more stable prices to help protect real incomes.

For business, it advised that with Y-o-Y manufacturing inflation remaining negative, firms relying on manufactured inputs should negotiate medium-term supply contracts to secure favourable pricing.

Also, the month-on-month inflation suggests short-term price pressures. Firms, therefore should adjust pricing cautiously to avoid demand contraction.

It urged the government to closely monitor short-term price momentum to prevent reacceleration.