Producer Price Inflation rises to 4.4% in August

Producer price inflation increased to 4.4% in August 2026, from 4.0% in July, driven largely by rising prices in the mining and quarrying sector.

Data from the Ghana Statistical Service (GSS) also shows that producer prices went up by 2.5% month-on-month in August, compared with the 2.0% recorded in July. The figures, which are provisional, measure changes in the prices received by domestic producers for their goods and services.

Mining and quarrying recorded the highest increase among the major sectors, with annual producer inflation rising to 4.9% from 3.5% in July. The sector, which has the largest weight in the Producer Price Index (PPI) at 43.7%, accounted for 2.1 percentage points of the overall 4.4% inflation rate.

The increase was largely driven by crude oil and natural gas, which recorded producer inflation of 12.9% during the month. Mining support services also registered inflation of 5.7%, while metal ore mining recorded a decline of 0.4%.

Cost pressures also strengthened across the industrial sector. Producer inflation for Industry excluding Construction rose from 5.6% in July to 6.3% in August, while producer prices within the sector increased by 3.1% month-on-month.

Within manufacturing, leather products recorded the highest annual producer inflation at 17.4%, followed by fabricated metal products at 16.4%. Food manufacturing also remained under pressure, recording an annual rate of 7.1%.

The construction sector, however, recorded a moderation in producer inflation, which fell to 4.5% in August from 4.8% in July.

Services recorded the lowest annual producer inflation among the three broad sectors at 1.8%.

The latest PPI data points to varying cost pressures across the economy, with mining and industrial activities experiencing stronger increases despite the relatively moderate overall producer inflation rate.

The GSS has advised businesses to strengthen cost controls, secure essential inputs, diversify their suppliers and invest in technologies that can improve productivity as they seek to manage rising production costs and remain competitive.