By Jibril Abdul Mumuni, GNA
Accra, May 22, GNA – Producer price inflation in Ghana rose to 2.7 per cent in April 2026, up from 1.6 per cent recorded in March, according to the latest data released by the Ghana Statistical Service (GSS).
The increase represents a 1.1 percentage point rise in the year-on-year producer inflation rate.
Despite the surge, the April 2026 inflation figure remains significantly lower compared to the same period in 2025, when producer inflation was considerably higher.
On a month-on-month basis, producer prices increased by 0.4 per cent in April, compared to a 0.7 per cent increase recorded in March 2026.
The Producer Price Index (PPI), which measures the average change over time in the selling prices received by domestic producers, rose to 281.5 in April 2026, up from 280.4 in March and 274.1 in April 2025.
Sectoral analysis showed that developments in the mining and quarrying sector were a major driver of the increase in producer inflation.
The sector recorded a year-on-year inflation rate of 5.6 per cent in April, up from 3.9 per cent in March, representing a 1.7 percentage point rise.
Mining and quarrying, which carried the largest weight of 43.7 per cent in the PPI basket, continued to play a significant role in shaping overall producer price movements, reflecting both domestic production dynamics and global commodity price trends.
The manufacturing sector, which accounted for 35 per cent of the index, remained in deflationary territory, although it showed signs of recovery.
Inflation in the sector improved from negative 2.2 per cent in March to negative 0.6 per cent in April, indicating a gradual easing of price declines.
In the utilities sector, electricity and gas recorded relatively high producer inflation of 11.0 per cent, though that represented a decline from 13.6 per cent in March, suggesting some moderation in energy-related price pressures.
Similarly, the water supply, sewerage and waste management sub-sector recorded an increase in inflation from 9.9 per cent in March to 10.3 per cent in April.
On the other hand, several service-related sectors continued to record negative inflation rates.
Transport and storage registered a year-on-year inflation rate of negative 7.1 per cent, while accommodation and food services posted negative 7.0 per cent, although both sectors showed improvements compared to March figures.
The services sector overall recorded a year-on-year decline of 1.4 per cent, highlighting persistent weakness in price growth within the sector despite short-term monthly gains.
The construction sector, by contrast, recorded modest growth, with producer inflation increasing to 0.9 per cent in April from 0.3 per cent in March, indicating some recovery in construction-related activities.
The GSS advised businesses to take advantage of the relatively moderate inflation environment to secure medium-term supply contracts and improve efficiency, while urging the government to strengthen monitoring efforts and support measures to stabilise input costs.
For households, the Service recommended prudent spending and improved budgeting strategies to cushion against potential price fluctuations in the economy.
GNA
Edited by Agnes Boye-Doe