Ghana’s producer price inflation rose to 4.4% in August 2026, as higher costs in the mining and industrial sectors put fresh pressure on businesses.

The latest data from the Ghana Statistical Service (GSS) shows that the Producer Price Index (PPI) increased from 4.0% in July, representing a 0.4 percentage point rise.

Producer prices also increased by 2.5% month-on-month in August, up from the 2.0% recorded in July.

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The PPI measures changes in the prices domestic producers receive for goods and services, and the latest figures are provisional.

The mining and quarrying sector recorded the biggest increase, with producer inflation rising to 4.9% in August from 3.5% in July.

The sector carries the largest weight in the PPI at 43.7% and contributed 2.1 percentage points to the overall 4.4% producer inflation.

The main pressure came from crude oil and natural gas, where producer inflation surged to 12.9% during the month.

Mining support services also recorded relatively high inflation of 5.7%, while producer prices for metal ores declined by 0.4%.

Cost pressures also intensified across the industrial sector.

Producer inflation for Industry excluding Construction increased to 6.3% in August from 5.6% in July, while prices in the sector rose by 3.1% month-on-month.

Within manufacturing, leather products recorded the highest annual producer inflation at 17.4%, followed by fabricated metal products at 16.4%.

Food manufacturing also continued to face higher production costs, with producer inflation reaching 7.1%.

The construction sector recorded a slight easing in producer inflation, falling to 4.5% in August from 4.8% in July.

Services remained the least affected of the three broad sectors, recording annual producer inflation of 1.8%.

The latest figures point to a mixed cost environment for businesses, with overall producer inflation remaining relatively moderate while pressures build in mining and industrial activities.

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The GSS has advised businesses to strengthen cost controls, secure critical inputs, diversify suppliers and invest in technologies that can improve productivity.

According to the GSS, these measures could help producers manage rising input costs while maintaining competitiveness.

DR/MA

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