The Ghana Statistical Service (GSS) is urging businesses to reduce prices and adopt innovative strategies to pass on savings to consumers, as producer costs continue to decline.
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New data from the Producer Price Index (PPI) shows that year-on-year producer inflation fell to 5.9% in June 2025, down from 10.1% in May, marking the lowest rate since November 2023.
On a monthly basis, producer prices also dropped by 1.4%, indicating reduced costs for goods and services at the factory gate.
Despite the easing inflation, the GSS emphasized that consumers are yet to feel the full impact. It called on businesses to rethink pricing models, renegotiate smarter contracts, and innovate to remain competitive.
“Falling costs bring opportunity, but tighter margins too. Stay ahead by innovating, not just adjusting prices,” the GSS advised.
Sectors such as transport and hospitality have already responded, with transport inflation dropping to -7.0% and prices in accommodation and food services falling from a 6.5% rise to a 2.7% decline.
The GSS also appealed to government policymakers to support production and protect jobs through strategic incentives that boost demand.
For consumers, the message was clear:
“Watch prices closely. If producer costs are falling, retail prices should too. Buy smart, question markups, and support brands that pass savings on.”
As factory gate prices trend downward, all eyes are now on whether businesses will respond by easing the cost burden on everyday Ghanaians.
