Ghana’s Producer Price Inflation (PPI) rose to 4 percent in July 2026, up from the previous month, with the industrial sector recording a sharper increase that could add pressure to business costs and potentially consumer prices.
The latest figures from the Ghana Statistical Service (GSS) show that producer prices increased by 4 percent between July 2025 and July 2026, while prices rose by 2 per cent month-on-month between June and July 2026.
The July PPI compares with consumer inflation of 4.6 per cent recorded during the same period.
The industrial sector was the main driver of the increase, with Industrial Producer Price Inflation rising to 5.6 percent in July, from 3.3 per cent in June.
According to the GSS, the increase represents a 2.3 percentage-point rise, while industrial producer prices also increased by 4 percent month-on-month.
Within the manufacturing sector, fabricated metal products recorded the highest inflation at 25.9 per cent, followed by leather and related products at 17.4 per cent.
However, producers of other non-metallic mineral products recorded a 2.3 per cent decline in prices during the month.
In the mining and quarrying sector, crude oil and natural gas extraction recorded inflation of 12.2 per cent, while mining of metal ores recorded a decline of 2.3 per cent.
The utilities sector also recorded significant price increases. Electric power generation, transmission and distribution posted inflation of 13.3 per cent, while water collection, treatment and supply recorded 14.1 per cent.
Meanwhile, Construction Producer Price Inflation stood at 4.8 per cent year-on-year in July, marginally lower than the 4.9 per cent recorded in June.
The latest figures point to renewed pressure on producer prices, particularly in key industrial and utility-related activities.
Higher producer prices can increase the cost of inputs for businesses and, where such costs are passed on, could eventually contribute to higher prices for goods and services at the retail level.
By Coffie Mawuedem Noel
