Ghana’s producer inflation accelerated to 4.0 percent year-on-year in July 2026, up from 3.5 percent in June, driven mainly by higher prices in the mining and quarrying, manufacturing, and electricity and gas sectors, the Ghana Statistical Service (GSS) said on Wednesday.
The July increase means producers, on average, received prices that were 4.0 percent higher for their goods and services than in July 2025.
On a monthly basis, producer prices rose 2.0 percent between June and July 2026, reversing the decline recorded in the previous month.
The overall PPI index reached 272.6, while producer inflation for Industry excluding Construction stood at 5.6 percent, significantly above the national average.
Construction and services recorded more moderate inflation rates of 4.8 percent and 2.5 percent respectively.
The industrial sector remained the largest contributor to producer inflation, with mining and quarrying accounting for the biggest share of the rise. Inflation in the sector increased from 2.6 percent in June to 3.5 percent in July, contributing 1.5 percentage points to the national producer inflation figure.
Manufacturing inflation also edged up from 3.5 percent to 3.7 percent during the period.
Electricity and gas continued to record some of the strongest price increases across the economy, posting an inflation rate of 13.3 percent, up from 12.5 percent in June.
Water supply, sewerage and waste management services registered inflation of 10.1 percent, while transportation and storage recorded a similar 10.1 percent year-on-year increase.
Within mining and quarrying, the extraction of crude oil and natural gas recorded inflation of 12.2 percent, while mining of metal ores slipped into deflation at -2.3 percent.
Mining support services recorded inflation of 5.9 percent.
Manufacturing inflation averaged 3.7 percent in July, but performances varied considerably across sub-groups. The manufacture of fabricated metal products, excluding machinery and equipment, recorded the highest inflation rate at 25.9 percent, followed by the manufacture of leather and related products at 17.4 percent.
Other notable increases were recorded in wood products (11.6 percent), furniture (9.3 percent), food processing (8.8 percent) and machinery production (8.5 percent).
Conversely, the manufacture of other non-metallic mineral products registered the lowest inflation rate at -2.3 percent, indicating a decline in producer prices.
Inflation in the construction sector eased marginally to 4.8 percent in July from 4.9 percent in June.
Construction of buildings recorded the highest inflation within the sector at 7.9 percent, while specialised construction activities and civil engineering posted inflation rates of 4.3 percent and 3.5 percent respectively.
Month-on-month, construction producer prices rose 0.2 percent, reflecting a modest increase in building and infrastructure costs.
Producer inflation in the services sector stood at 2.5 percent in July, with prices rising 0.2 percent from the previous month. Transport and storage remained the fastest-rising service category, posting inflation of 10.1 percent, followed closely by accommodation and food services at 9.9 percent.
Information and communication services remained relatively stable, recording inflation of just 0.7 percent year-on-year.
Within transportation, land transport registered the highest inflation rate at 23.4 percent, while postal and courier services recorded the lowest at 1.8 percent. In the accommodation and food services sector, food and beverage activities recorded inflation of 6.9 percent, while accommodation services posted 10.5 percent.
Source: businesspostonline
