Ghana producer inflation increased to 4.4% in August 2026 from 4.0% in July, with mining and quarrying accounting for nearly half of the headline rate.
Provisional data from the Ghana Statistical Service show that prices received by domestic producers rose by 2.5% between July and August. The previous monthly increase was 2.0%.
The latest figures suggest that cost pressure is building again in some parts of the economy, although the overall rate remains moderate.
Producer inflation in mining and quarrying accelerated to 4.9% from 3.5% in July.
The sector carries a 43.7% weight in the Producer Price Index and contributed 2.1 percentage points to the national rate. That makes it the single largest source of August’s 4.4% inflation.
Crude oil and natural gas recorded producer inflation of 12.9%, while mining support services posted 5.7%.
Metal ore mining moved in the opposite direction, recording a 0.4% decline.
Factory costs strengthen
Industry excluding construction registered annual producer inflation of 6.3%, up from 5.6% in July. Prices within the category rose by 3.1% over the month.
Leather products recorded the highest manufacturing inflation at 17.4%, followed closely by fabricated metal products at 16.4%. Food manufacturing posted 7.1%, pointing to continued cost pressure within the food-processing chain.
Construction offered some relief. Its producer inflation rate eased from 4.8% to 4.5%.
Services recorded the lowest inflation among the three broad sectors at 1.8%.
Producer inflation does not automatically translate into an equivalent rise in consumer prices. Businesses may absorb some costs through lower margins, while others could pass increases to customers.
The GSS advised firms to “strengthen cost controls,” secure essential inputs and “diversify suppliers” as the cost environment changes.
Investment in productivity-enhancing technology could also help producers limit waste and protect their competitiveness, particularly in manufacturing sectors where inflation is already running well above the national rate.
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