The Producer Price Inflation (PPI) rose to 4.0% in July 2026, indicating a moderate strengthening of producer price pressures, the Ghana Statistical Service (GSS) has revealed.

This was up from 3.5% in June 2026, an increase of 0.5 percentage points.

The month-on-month inflation, however, stood at 2.0%.

According to the GSS, inflation showed mixed movements across the three broad sectors over the year.

Industry (excluding construction) increased from 3.3% to 5.6%, services and construction eased marginally, from 2.6% to 2.5% and from 4.9% to 4.8%, respectively.

The Mining and Quarrying sector drove the year-on-year growth. It increased from 2.6% to 3.5%, driving the marginal increase in year-on-year inflation.

Three groups recorded inflation rates above the sub-sector average of 3.5%. They were

Extraction of Crude and natural gas, Other mining and quarrying and Mining support service activities.

For construction, two sub-sectors recorded inflation rates below the average of 4.8%.

The construction of buildings was the highest, 7.9%, ahead of specialised works (4.3%) and civil engineering (3.5%).

For manufacturing, two groups recorded a deflation.

Fifteen industries had producer inflation rates higher than the sub-sector average of 3.7%.

For services, there was no change in producer prices in the telecommunication sub-sector.

Seven sub-sectors recorded rates higher than the sector average of 2.5%.

Policy Implications

For households and consumers, the rising producer prices may translate into higher retail prices in the coming months.

Again, budget carefully for essential services such as electricity, water and transport, where producer pressures remain relatively high.

With regard to businesses and investors, the rising producer prices increase production costs, improve efficiency and manage pricing carefully.

It also maintains adequate inventories of critical inputs to cushion against price increases.

For the government and policymakers, the GSS pointed out that the rising producer inflation calls for prudent policies to contain cost pressures and support sustained economic growth.

Also, there is the need to support sustained economic growth that lower production costs and strengthen competitiveness.