Ghana’s Producer Price Inflation (PPI) has dropped to 24.4% in March 2025, down from 27.6% in February, marking a significant 3.2 percentage point decline. According to provisional figures from the Ghana Statistical Service (GSS), the month-on-month change between February and March stood at 0.6%
The Mining and Quarrying sector recorded the highest producer inflation rate at 35.4%, despite a notable decrease from 43.7% in the previous month. The Manufacturing sector followed with an inflation rate of 22.8%, up from 20.8% in February. In contrast, the Information and Communication sector registered the lowest inflation rate at 4.1%, a slight dip from 4.2% in the prior month.
Other sectors saw varying trends: Construction declined to 15.4% from 15.8%, while Accommodation and Food Services dropped to 7.2% from 7.8%. The PPI measures the average change in prices received by domestic producers for goods and services, tracking key sectors.
Meanwhile, Tsonam Akpeloo, Greater Accra Regional Chairman of the Association of Ghana Industries (AGI), expressed concerns over recent utility tariff hikes. “We urge the government to prioritize local industrialization and create special tariff arrangements that significantly reduce electricity costs for manufacturers. Otherwise, the benefits of the declining inflation rate may be short-lived,” he said.
Akpeloo added, “If utility prices continue to rise, the overall cost of production will remain high, offsetting the positive effects of a falling PPI. All these prices are interlinked, and without addressing utility costs, inflation gains may not translate into real industrial competitiveness.” With the recent utility tariff increases, electricity prices will rise by 14.75%, and water tariffs will go up by 4.02% across the board.
