Ghana’s year-on-year producer price inflation (PPI) dropped to 3.0% in August 2025, down from 3.6% in July, marking a 0.6 percentage point decrease.

This signifies that, on average, the ex-factory prices of goods and services rose by 3.0% between August 2024 and August 2025.

According to the Ghana Statistical Service (GSS), the August figure is the lowest producer inflation has been since November 2023 and represents the seventh consecutive month of decline. On a month-on-month basis, producer prices increased by 2.1% from July to August 2025.

The decline was primarily driven by the manufacturing sub-sector, which accounts for 35% of the PPI. Inflation in this sector eased from 3.2% to 1.6%, making a significant contribution to the overall drop.

The Mining and Quarrying sector, with a 43.7% weight, saw a slight increase in inflation from 4.6% to 4.9%, while accommodation and food services continued to record negative inflation, dropping from -2.7% to -3.1%.

The GSS provided recommendations for key stakeholders in light of the easing inflation. It urged businesses to leverage lower production costs to reduce expenses, improve margins, and reinvest.

The GSS called on the government to continue supporting the industry through tax reliefs and infrastructure investments. Consumers were advised to shop wisely, compare prices, and support businesses that pass on cost savings.

The GSS stated that the decline in producer inflation signals easing cost pressures, providing a potential window for economic growth and stability.