Ghana’s producer price inflation increased to 4.8% in September 2026, up from 4.4% recorded in August, according to Government Statistician Dr Alhassan Iddrisu.
The latest figures indicate that prices received by producers for goods and services at the factory gate were, on average, 4.8% higher than in September 2025, potentially influencing the cost of goods and services for consumers.
Speaking at a press conference in Accra on Tuesday, October 20, Dr Iddrisu explained that month-on-month producer inflation declined to 1.3%, with mining and quarrying serving as the main drivers of price changes.
Mining and Manufacturing Drive Producer Price Inflation
The mining and quarrying sector contributed 2.4 percentage points to the overall 4.8% producer inflation rate in September, accounting for half of the total increase.
Within the sector, prices of crude oil and natural gas recorded an annual increase of 18.3%, reflecting continued price pressures in the energy and extractive industries.
Manufacturing inflation also rose, increasing from 3.6% in August to 4.6% in September 2026. Combined, mining and manufacturing contributed 4.0 percentage points to the overall producer price inflation rate.
Electricity and Gas Inflation Declines
The electricity and gas sub-sector recorded the highest producer inflation rate of 9.8% in September, although this was lower than the 12.3% recorded in August.
Dr Iddrisu noted that changes in producer prices can influence retail prices over time because businesses may pass higher production costs on to consumers.
He encouraged businesses to use producer price inflation data to manage operating costs and pricing decisions, while households were advised to plan their budgets carefully. Policymakers, he added, should monitor price pressures across mining, manufacturing and the energy sector.
The latest producer price inflation figures provide an important indicator of Ghana’s economic conditions and potential changes in business costs and consumer prices.
Source: newsthemegh.com