The year-on-year producer price inflation (PPI) in ex-factory prices for all goods and services declined to 18.5% in April 2025, from 24.4% in March 2025.

On a month-on-month basis, the PPI recorded a deflation of 0.8% between March and April 2025.

This means the average prices that producers received for their goods and services fell by 0.8% in April compared to March 2025.

Additionally, producers were earning 0.8% less on average for their products in April 2025 than they did in March 2025.

According to the Ghana Statistical Service, five of the 23 major groups in the Manufacturing sub-sector recorded inflation rates higher than the sector’s average of 20.8%.

The manufacture of basic metals recorded the highest inflation rate at 38.0% followed by the manufacture of motor vehicles, trailers, and semi-trailers at 35.8%. The manufacture of coke and refined petroleum products recorded the least inflation at -1.6%.

Mining and Quarrying Sub-Sector

In April 2025, the extraction of crude oil and natural gas recorded an inflation rate of -12.6%, indicating a decrease of 15.1 percentage points from the March 2025 rate of 2.5%.

The mining of metal ores fell to 56.0% in April 2025, down from 62.2% in March 2025. The activities related to mining support services recorded an inflation rate of 66.0%.

Electricity and Gas Sub-Sector

The electricity power generation, transmission and distribution recorded an inflation of 5.5% in April 2025.

The inflation rate for the manufacture of gas, distribution of gaseous fuels through mains, recorded an inflation of -0.9 percent in April 2025.