Business

Ghana’s Producer Price Inflation Drops to 24.4% in March

Story Highlights
  • Mining & Quarrying remains highest at 35.4%; Manufacturing rises to 22.8%
  • Electricity up 14.75%, water up 4.02% — calls for special tariffs for industries
  • PPI falls to 24.4% in March 2025, from 27.6% in February

Ghana’s Producer Price Inflation (PPI) fell to 24.4% in March 2025, down from 27.6% in February, according to provisional data from the Ghana Statistical Service (GSS). This marks a 3.2 percentage point decrease, with a month-on-month change of 0.6%.

Despite the drop, the Mining and Quarrying sector continued to post the highest inflation rate at 35.4%, though down from 43.7%. The Manufacturing sector followed with a rise to 22.8% from 20.8%.

At the other end, Information and Communication recorded the lowest inflation at 4.1%. Sectors like Construction and Accommodation and Food Services also saw marginal declines in price pressures.

Meanwhile, AGI’s Greater Accra Chairman, Tsonam Akpeloo, cautioned that recent hikes in utility tariffselectricity up by 14.75% and water by 4.02%—could undermine these inflation gains. He called for industry-friendly tariff reforms to keep production costs down and maintain competitiveness.

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