Ghana’s year-on-year Producer Price Inflation (PPI) increased to 4.4% in August 2026, up from 4.0% in July, driven largely by rising prices in the mining and quarrying sector.
The latest figures released by the Ghana Statistical Service show that producer prices increased by 2.5% between July and August 2026, compared with a 2% month-on-month increase recorded in July.
Year-on-year Producer Price Inflation measures the change in prices received by producers compared with the same month of the previous year.
This means that, on average, prices received by producers in August 2026 were 4.4% higher than in August 2025.
Mining and quarrying drives increase
Mining and quarrying emerged as the main driver of the increase, accounting for 43.7% of the PPI basket.
Inflation in the sector rose from 3.5% in July to 4.9% in August, with the sector alone contributing 2.1 percentage points to the overall producer inflation rate.
On a month-on-month basis, mining and quarrying prices also increased by 4.9%.
Within the sector, crude oil and natural gas recorded inflation of 12.9% in August.
Electricity and gas also remained a significant source of producer price pressure, recording inflation of 12.3%, although this represented a slowdown from 13.3% in July.
Industry, excluding construction, recorded the strongest broad-sector increase.
Its year-on-year inflation rose from 5.6% in July to 6.3% in August, while prices increased by 3.1% during the month.
The construction sector, however, recorded a moderation in inflation to 4.5%, with prices falling by 0.2% between July and August.
Services inflation also slowed to 1.8%, following a 0.3% decline in prices over the month.
Manufacturing inflation was relatively contained at 3.6%, although significant variations persisted across subsectors.
Leather and related products recorded inflation of 17.4%, while non-metallic mineral products recorded deflation of 2.4%.
Government Statistician, Dr. Alhassan Iddrisu advised that “policy makers should closely monitor mining, energy and other emerging cost pressures.
“Businesses should cost control, productivity and supply chain management and consumers should remain price conscious because sustained increases in producer cost can eventually affect prices in the marketplace.”
The August figures indicate that while overall producer inflation remains moderate, renewed monthly price pressures, particularly in mining and energy, could warrant close monitoring.
