Josiah
Producer inflation slowed sharply in June 2026, with the year-on-year Producer Price Index (PPI) declining to 3.5% from 5.8% in May, according to the latest figures released by the Ghana Statistical Service (GSS).
The GSS reported that prices received by domestic producers increased by an average of 3.5% between June 2025 and June 2026. On a month-on-month basis, however, producer prices fell by 3.7% between May and June, indicating a broad easing in production costs across the economy.
The decline in annual producer inflation was largely driven by the Mining and Quarrying sector, where inflation dropped significantly from 11.0% in May to 2.6% in June, representing an 8.4 percentage-point decrease. Given the sector’s substantial weight in the PPI basket, it was the main contributor to the overall slowdown.
Despite the general decline, several sectors recorded higher producer inflation during the period. Manufacturing inflation rose from 0.8% in May to 3.5% in June, while Electricity and Gas increased from 8.5% to 12.5%. Transport and Storage also accelerated to 10.0%, and Accommodation and Food Service Activities climbed to 10.8%.
The GSS further noted that the Industrial Producer Price Index (I-PPI), excluding construction, recorded an annual inflation rate of 3.3% in June, down from 6.0% in May. According to the report, industrial producer prices also declined by 4.2% between May and June 2026.
Within the manufacturing sector, the highest annual inflation was recorded in the manufacture of fabricated metal products, except machinery and equipment, at 26.3%, followed by leather and related products at 19.1%. The manufacture of other non-metallic mineral products recorded the lowest inflation rate of -2.3%.
Meanwhile, the Construction Producer Price Index increased slightly to 4.6% in June from 4.3% in May, although construction prices dipped by 0.2% on a monthly basis. Construction of buildings recorded the highest annual inflation within the sector at 6.7%.
The services sector remained relatively stable, posting an annual producer inflation rate of 2.5%, while monthly inflation increased by 0.5%. Among service industries, Accommodation and Food Services recorded the highest annual inflation at 10.8%, followed by Transport and Storage at 10.0%, while Information and Communication registered a modest 0.7% inflation.
Source: Omanghana.com
