Ghana’s Producer Price Inflation (PPI) fell sharply to 1.4% in October 2025, down from 3.2% in September, representing a 1.8 percentage point decline.
Data from the Ghana Statistical Service (GSS) indicate that the drop was primarily driven by a slowdown in the Mining and Quarrying sector, the largest component of the index with a 43.7% weight. Producer inflation in this sector fell from 5.0% in September to just 0.7% in October, a decline of 4.3 percentage points.
The Manufacturing sector, which accounts for 35% of the PPI basket, recorded a modest rise from 1.7% to 2.5%, still significantly lower than the 22.7% recorded during the same period last year.
Meanwhile, the Transport and Storage subsector continued to experience deep negative inflation, declining further from -8.2% to -8.8%, reflecting a notable drop in producer prices for October.
The GSS advised businesses to adopt aggressive efficiency measures, including streamlining operations, reducing waste, and boosting productivity to maximize value from every cedi spent.
For government, the agency recommended targeted investment support, such as incentives for firms that expand capacity, modernize technology, and create jobs, while addressing structural constraints in energy, transport, and logistics that elevate production costs.
Households were also encouraged to “spend with intention” by comparing prices, seeking value, and supporting sellers who reflect lower input costs in their pricing.
