Ghana’s producer price inflation recorded a marginal increase in March 2026, reflecting a slight rise in ex-factory prices despite easing pressures in some major sectors, according to the Ghana Statistical Service (GSS).
“The Producer Price Index (PPI) rose to 280.3 in March 2026, up from 278.4 in February 2026 and 276.1 in March 2025,” the latest report indicated.
This resulted in a year-on-year producer inflation rate of 1.5%.
“Year-on-Year (YoY) producer price inflation for all goods and services stood at 1.5% in March 2026,” the report stated.
The GSS explained that “on average, the ex-factory price of goods and services increased by 1.5% between March 2025 and March 2026”.
On a month-on-month basis, producer prices also saw a modest increase.
“On a month-on-month (MoM) basis, producer prices for goods and services increased by 0.7% in March 2026 compared to February 2026,” the report noted.
Across sectors, performance remained mixed, with some recording increases while others declined.
Mining and quarrying, which is the largest contributor to the index, recorded a slight drop.
“Mining and Quarrying… recorded a 0.2 percentage point decrease in producer inflation, falling from 4.1% in February 2026 to 3.9% in March 2026,” the GSS said.
The manufacturing sector, however, showed signs of improvement, although it remained in negative territory.
“The Manufacturing sector… increased from -2.9% in February 2026 to -2.2% March 2026, gaining 0.7 percentage points,” the report added.
Transport and storage continued its downward trend.
“Producer inflation in the transport and storage sub-sector continued to fall, declining from -8.6% in February 2026 to -9.8% in March 2026,” the report revealed.
Overall, producer inflation edged up slightly from the previous month.
“In March 2026, Ghana’s Producer Price Inflation is 1.5%, up from 1.4% in February 2026, representing a 0.1 percentage point increase,” the GSS stated.
Despite the increase, the rate remains significantly lower compared to the same period last year, indicating a general easing of inflationary pressures at the production level.
The GSS urged businesses and policymakers to respond cautiously to changing price trends.
It advised firms to “consider negotiating medium-term supply agreements to secure more favourable pricing” while adjusting pricing strategies carefully to avoid reducing demand.
For government, the Service highlighted the need to sustain gains in the transport sector.
“Declining transport inflation is positive for cost competitiveness. Thus, policies should aim to support fuel supply stability and logistics efficiency,” the report recommended.
The Producer Price Index tracks changes in prices received by domestic producers and serves as a key indicator of inflation trends within the economy.
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