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Ghana’s Producer Price Inflation (PPI) fell sharply to 18.5% in April 2025, down from 24.4% in March, marking the third consecutive month of decline, according to the Ghana Statistical Service.
This 5.9 percentage point drop reflects easing price pressures, particularly in the mining and quarrying (10.6 points) and manufacturing (6.9 points) sectors which together made up nearly 95% of the April inflation rate.
Notably, producers experienced a month-on-month deflation of 0.8%, compared to a 0.6% rise in March, indicating lower average factory gate prices.
Key sector changes:
Mining & Quarrying: 35.4% in March to 24.3% in April
Manufacturing: 22.8% to 19.6%
Transport & Storage: 20.4% to 16.2%
The GSS sees this decline as a chance for price stability, advising businesses to leverage the trend for cost control, local sourcing, and cautious expansion. However, it also notes potential profit margin pressures for producers.
The trend offers a hopeful sign for inflation containment, with possible long-term benefits for consumers if lower production costs flow through the supply chain.
