The Year-on-Year producer price inflation (PPI) for August 2025, declined to 3.0%, from 3.6% in July. This represents a 0.6 percentage points decline.

This means that on average, the ex-factory price of goods and services increased by 3.0% between August 2024 and August 2025.

This is the lowest producer price inflation since November 2023 and the seventh consecutive month of decline.

Producer price inflation between July and August 2025 was 2.1%.

Mining and Quarrying, the largest sector with a weight of 43.7%, recorded a 0.3 percentage point increase in inflation from 4.6% in July to 4.9% in August.

Similarly, Manufacturing, which makes up 35% of the PPI, eased from 3.2% to 1.6%, shedding off 1.6 percentage points.

The decline in the producer inflation was mainly driven by the manufacturing sub-sector.

Accommodation and food service prices continued to fall, declining from -2.7% in July to -3.1% in August.

Recommendations

On its recommendations, the Ghana Statistical Service (GSS) urged businesses to take advantage of the lower inflation to cut costs, improve margins, and reinvest in productivity and technology. Also advised businesses to position their firms to withstand future shocks.

On the side government, the GSS asked policy makers to continue supporting industry through targeted tax reliefs, infrastructure investment, and policies that encourage domestic production and stronger value chains.

The GSS appealed to households to shop carefully, compare prices, and support businesses that pass on cost savings. Use this period to plan spending and build savings.

Below is the PPI data

a