Producer prices in Ghana rose to 4.8%in September 2026, up from 4.4% in August, the latest Producer Price Index (PPI) released by the Statistical Service announced on Tuesday.
The rising costs incurred by producers before consumer prices for goods and services for September was driven mainly by higher prices in the mining and manufacturing sectors.
The rate was also higher than the 3.2% recorded a year ago, while the monthly pace of increased slowed to 1.3% in September compared with August 2.5% recorded in August 2026.
Figures provided by the Service indicated that the industrial sector, excluding construction, recorded the highest annual inflation rate among the major sectors at 7.2%, up from 6.3% in August.
Construction also recorded a slight increase to 4.7% from 4.5%, while services slowed to 1.4% from 1.8%.
Mining and quarrying remained the biggest contributor to producer inflation, recording a 5.5% inflation rate and accounted for about half of the overall producer inflation recorded in September.
A key driver of the increase was the extraction of crude oil and natural gas, where producer prices rose by 18.3% during the period.
Mining support service activities recorded a 5.3% increase, although other mining and quarrying activities declined by 2.8% with metal ore mining falling by 2.3%.
The manufacturing inflation was 4.6% in September, compared with 3.6% in August and 1.7% a year earlier, as mining and manufacturing together accounted for more than 80% of the overall producer inflation rate.
Within manufacturing, the highest price increases were recorded in leather and related products, fabricated metal products, furniture, machinery and equipment, and basic metals.
Electricity and gas prices eased to 9.8% in September from 12.3% in August, while water supply and waste management equally slowed to 8.3% from 10.1% during the same period.
Construction sector inflation rose steadily, driven by building activities at seven per cent, followed by specialised works at 4.8% and civil engineering, with a rate of 3.7%.
In the services sector, overall inflation remained low at 1.4%, but land transport, motion picture and television production, air transport, and warehousing services observed increases.
Transport and storage prices rose by 5.8%in September, marking a turnaround from September 2025, when the sector experienced a decline of 8.2%, highlighting renewed cost pressures within transport-related activities.
During a virtual presentation of the figures in Accra, Dr Alhassan Iddrisu, Government Statistician, said producer prices served as an important indicator of cost pressures in the economy.
He said the index measured changes in prices at the factory gate before goods reached shops and consumers, adding that “businesses can use these data to plant costs and prices. Households can use them to plant budgets.”
He called for a close watching of the upward trends becauseincreases in production costs can eventually affect retail prices.
Dr Iddrisu asked businesses to use the information to plan costs and pricing strategies, while policymakers monitored the data to identify emerging pressures in sectors such as mining, manufacturing and energy.
The Ghana Statistical Service said the September figures were based on price information collected from 603 businesses covering 2,639 products across the country.
The agency reaffirmed its commitment to providing timely and reliable statistics to support economic planning and decision-making.
