The year-on-year Producer Price Inflation (PPI) for June 2025 was estimated at 5.9%, the lowest since November 2023.
According to data from the Ghana Statistical Service (GSS), this was 4.2 percentage points lower than inflation recorded in May 2025 and 19.7 percentage points lower than inflation recorded a year earlier.
It was also the fifth consecutive decline.
On a month-on-month basis, there was producer price deflation of 1.4%between May and June 2025, meaning that the average prices that producers received for their goods and services in June 2025 were lower than those in May by 1.4%.
The Mining and Quarrying, Ghana’s largest sector with a weight of 43.7%, saw inflation plunge by 7.2 percentage points from 13.7% in May to 6.5% in June 2025.
Similarly, Manufacturing, which makes up 35% of the PPI, eased from 9.8% to 7.6%, shedding off 2.2 percentage points. These two sectors alone accounted for the biggest share of the inflation fall.
The data showed that prices are falling in some sectors. Transport costs dropped further from -4.8% in May 2025 to -7.0% June 2025.
The hotel and restaurant prices also swung from +6.5% to -2.7%, a huge 9.2 percentage points swing.
“If these savings reach consumers, we could see real relief on the road, at the table, and when we travel”, the report said.
Recommendation
The Ghana Statistical Service gave advice to businesses, urging them to rethink pricing and renegotiate smartly.
“Falling costs bring opportunity, but tighter margins too. Stay ahead by innovating, not just adjusting prices”, it mentioned.
It also urged the government to lock in stability, boost production, and support key sectors like mining and manufacturing with smart incentives to drive demand, protect jobs, and keep the momentum strong.
For households and consumers, it urged them to watch prices closely, stating that “Buy smart, question markups, and support brands that pass savings on”.
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