Ghana’s Producer Price Inflation (PPI) for June 2025 has fallen sharply to 5.9 per cent, the lowest year-on-year rate since November 2023, the Ghana Statistical Service (GSS) has said.
Presenting the data in Accra on Wednesday, July 16, the Government Statistician, Dr. Alhassan Iddrisu, said that the drop marked a 4.2 percentage point decline from 10.1% recorded in May 2025 and represents the fifth consecutive month of easing producer inflation.
He noted that it reflects a dramatic 19.7 percentage point fall from 25.6 per cent registered in June 2024.
On a monthly basis, the PPI recorded a deflation of 1.4 per cent, indicating that, on average, producers received lower prices for their goods and services in June compared to May.
He attributed the continued downward trend to sustained price reductions in Ghana’s largest production sectors.
“The data shows a steady decline, with the lowest producer inflation recorded since November 2023,” Dr. Iddrisu said, adding: “Mining and manufacturing were the biggest drivers of this drop, along with easing costs in the transport and hospitality sectors.”
According to local media reports, the Mining and Quarrying sector—Ghana’s largest contributor to the PPI with a 43.7% weight—saw inflation fall from 13.7% in May to 6.5% in June. Manufacturing, which accounts for 35% of the PPI basket, declined from 9.8 per cent to 7.6 per cent.
Notably, transport sector inflation dropped even further, from – 4.8 per cent in May to -7.0 per cent in June, while hotel and restaurant prices saw a dramatic reversal from a 6.5 per cent rise to a 2.7 per cent decline—representing a swing of 9.2 percentage points.
The Services sector saw a modest year-on-year inflation of 0.7 percent, while construction registered a rate of 6.0 per cent.
GIK/APA