Ghana’s Producer Price Inflation (PPI) dropped to 18.5% in April 2025, its lowest level in three months, according to the Ghana Statistical Service (GSS). This marks the third consecutive month of decline, signaling reduced cost pressures in key sectors.
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The sharp 5.9 percentage point fall from March’s 24.4% was mainly fueled by falling input costs in mining and quarrying, which contributed 10.6 points, and manufacturing, which added 6.9 points. Together, these two sectors accounted for nearly 95% of April’s overall PPI figure.
Every month, producer prices dropped by 0.8%, compared to a 0.6% increase in March, indicating producers received less for their goods and services in April.
Breaking it down by sector:
- Mining and quarrying inflation dropped from 35.4% in March to 24.3% in April.
- Manufacturing fell from 22.8% to 19.6%.
- Transport and storage also eased from 20.4% to 16.2%.
According to the GSS, falling production costs may eventually translate into lower consumer prices, offering relief to households affected by high inflation. However, the agency cautioned that lower factory gate prices could shrink business profits if not managed carefully.
The GSS urged businesses to reassess their cost structures, explore localized sourcing, and seize this period of easing inflation to pursue responsible growth strategies.
They described the current environment as a “window for stabilization and investment,” encouraging both the private sector and policymakers to act decisively to boost long-term economic resilience.
