Ghana's producer inflation rises to 4% in July

Ghana’s producer price inflation rose to 4.0% in July 2026, from 3.5% in June, mainly driven by higher prices in the mining and quarrying sector.

Producer Price Inflation (PPI) measures the average change over time in the prices producers receive for the goods and services they sell. In simple terms, it shows whether the prices of goods and services at the producer level are rising or falling.

Data released on Wednesday, August 19, 2026, by the Ghana Statistical Service (GSS) showed that industrial producer price inflation increased to 5.6% year-on-year in July, up from 3.3% recorded in June.

The increase was mainly influenced by the mining and quarrying sector, where prices rose by 3.0% month-on-month in July, following a 9.4% decline in June.

This represents a significant turnaround of nearly 12 percentage points within a month.

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Within the sector, the extraction of crude oil and natural gas recorded inflation of 12.2%, while mining support services posted 5.9%. However, prices in the mining of metal ores declined by 2.3%.

Manufacturing producer price inflation also remained positive at 3.7% year-on-year.

Fabricated metal products, excluding machinery and equipment, recorded the highest inflation rate at 25.9%, followed by leather and related products at 17.4%.

In contrast, the manufacture of other non-metallic mineral products recorded a 2.3% decline in prices, making it the only manufacturing category to register negative inflation.

The movement in mining prices had a significant impact on overall producer inflation, as the mining and quarrying sector accounts for 43.7% of the industrial producer price basket.

The latest figures suggest that changes in mining and energy-related prices continue to play a significant role in determining price pressures faced by producers in Ghana.

DR/MA

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