Producer inflation rises to 4.8% as mining and factory prices increase

Ghana’s producer inflation rose to 4.8% in September 2026, driven mainly by higher prices in the mining and manufacturing sectors, according to the Ghana Statistical Service (GSS).

The rate increased from 4.4% in August, indicating that producer prices were, on average, 4.8% higher in September 2026 than in the same month last year.

Mining and quarrying accounted for half of the overall annual increase. Inflation in the sector rose to 5.5% from 4.9% in August, with prices for crude oil and natural gas extraction increasing by 18.3%.

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Manufacturing inflation also climbed to 4.6% from 3.6% in the previous month.

Prices of leather products increased by 15.8%, while fabricated metal products recorded a 14.3% rise. Food manufacturing prices also increased by 6.6%.

However, the pace of monthly producer price increases slowed. Between August and September, producer prices rose by 1.3%, down from the 2.5% increase recorded in August.

There was also some relief in the utilities sector.

Electricity and gas inflation fell to 9.8% from 12.3%, while inflation in water supply and waste management eased to 8.3% from 10.1%.

Construction inflation increased slightly to 4.7%, with building construction prices rising by 7% over the year.

Services inflation slowed to 1.4% from 1.8%, although land transportation recorded a much higher annual price increase of 30.1%.

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Producer inflation measures changes in the prices of goods and services at the production stage, before they reach consumers. Increases in producer prices can eventually feed through to retail prices, affecting household spending.

The Ghana Statistical Service encouraged businesses to control costs, improve productivity and secure reliable suppliers to manage price pressures.

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