The Producer Price Inflation, PPI, rate for August 2012 was 16.6 per cent year-on-year, representing a decrease in producer inflation of 2.4 percentage points. July 2012 PPI was 19.0 per cent.The figures released by the statistical service show the producer price changes since September 2006, as well as the year-on-year and monthly inflation rates, for all industry and three major sub-sectors of industry Mining and Quarrying, Manufacturing and Utilities for the last twelve months.Manufacturing recorded the highest year-on-year producer inflation rate of 18.6 per cent. The month-on-month change in producer prices was 0.3 per cent, following a rate of 1.5 per cent in July 2012. Agriculture which is one of the major contributors to the nation’s economy recorded a decline.Meanwhile, the real Gross Domestic Product (GDP) for the second quarter of 2012 grew by 2.5 per cent (year-on-year). In an interview, Ebo Duncan explains whether these rates will translate into Ghana meeting its GDP target for 2012.