The Ghana Statistical Service (GSS) has announced a 2% decline in producer price inflation for July 2025, marking the sixth consecutive month of decline.
According to the July 2025 Producer Price Index (PPI) report released on August 20, inflation fell from 5.8% in June to 3.8% in July, the lowest rate recorded since November 2023.
The GSS explained that the consistent decline is largely driven by price reductions in key sectors of the economy, particularly mining, quarrying, and manufacturing.
The data further showed that between June and July 2025, producer price inflation stood at 1.6%. This means that on average, prices received by producers for goods and services rose by 1.6% in July compared to June.
Ghana’s largest sector, mining and quarrying, which carries a weight of 43.7% in the PPI basket, recorded a fall of 1.9 percentage points, dropping from 6.5% in June to 4.6% in July.
The manufacturing sector, which accounts for 35% of the PPI, saw its inflation rate ease sharply from 7.2% in June to 3.6% in July, representing a decline of 3.6 percentage points.
The GSS highlighted that the combined effect of the mining, quarrying, and manufacturing sub-sectors, which together make up the largest share of the PPI, was the main driver behind the overall fall in producer inflation.
Meanwhile, some service-related costs also continued to trend downward. Transport prices, for instance, dropped further from -7.0% in June to -8.1% in July, reflecting reduced cost pressures in the sector.
However, hotel and restaurant services saw no change in inflation, maintaining a stable rate of 2.6%.
