Ghana’s Producer Price Inflation (PPI) went down by 2.0 percentage points to 3.8% in July 2025.

This was the 6th consecutive month of decline and the lowest producer inflation rate recorded since November 2023.

According to the Ghana Statistical Service (GSS), the data showed a producer price inflation of 1.6% between June and July 2025. On average, the prices received by producers for their goods and services rose by 1.6% in July compared to June 2025.

The Mining and quarrying sector, Ghana’s largest, with a weight of 43.7%, saw inflation fall by 1.9 percentage points from 6.5% in June to 4.6% in July 2025.

Similarly, Manufacturing, which makes up 35% of the PPI, eased from 7.2% to 3.6%, shedding off 3.6 percentage points.

The Manufacturing, Mining and Quarrying sub-sectors alone with the biggest share, accounted for the fall in producer inflation.

Prices are also falling in some sectors. Transport costs dropped further from -7.0% in June to -8.1% July, while hotel and restaurant prices remained the same with no inflation change (2.6%).

The GSS advised businesses to rethink pricing and renegotiate smartly.

According to the Service, the falling costs bring opportunity, but tighter margins too.

It therefore urged the enterprises to stay ahead by innovating, not just adjusting prices.

For the government, it advised them to lock in stability, boost production, and support key sectors like mining and manufacturing with smart incentives to drive demand, protect jobs, and keep the momentum strong.

For households and consumers, the GSS urged them to watch prices closely, adding, “If producer costs are falling, retail prices should too, all else remaining constant”.

“Buy smart, question markups, and support brands that pass savings on”, it added.