By: Ashiadey Dotse
Ghana’s Producer Price Inflation (PPI) saw a big drop in April 2025, falling to 18.5%, down from 24.4% in March, according to new data from the Ghana Statistical Service.
This is the third month in a row that producer inflation has gone down, showing signs that factory-level prices are cooling.
The 5.9 percentage point drop was mostly due to slower price increases in two key sectors: mining and quarrying, and manufacturing. These sectors together made up nearly 95% of April’s inflation. Mining and quarrying alone contributed 10.6 points, while manufacturing added 6.9 points.
On a month-to-month basis, prices at the factory gate actually fell by 0.8%, meaning that in April, producers were charging less on average than they did in March. This is a sharp change from the 0.6% price increase seen in March.
Among the sectors:
Mining and quarrying inflation dropped from 35.4% in March to 24.3% in April.
Manufacturing fell from 22.8% to 19.6%.
Transport and storage dropped from 20.4% to 16.2%.
The Statistical Service says this drop in inflation could be good news for the wider economy. If producers pay less for inputs, it could lead to lower prices for consumers over time.
Still, the report warned that lower prices might also mean lower profits for businesses. Companies are encouraged to take advantage of this period of stability by reviewing their costs, using more local resources, and slowly restarting growth plans.
The Ghana Statistical Service called this trend “a window for stabilization and responsible investment,” and urged both government and business leaders to use this moment to support steady economic growth.
