Producer Inflation Edges Up to 1.5% in March

Producer price inflation (PPI) rose slightly to 1.5% in March 2026, up from 1.4% in February, according to the Ghana Statistical Service (GSS). The small increase shows a modest rise in the cost of goods and services at the factory level. The Producer Price Index also climbed to 280.3 in March from 278.4 in February. However, on a monthly basis, price growth slowed. Producer inflation increased by 0.7% in March, compared to 1.3% in February. Across sectors, performance was mixed. The utilities sector recorded the highest increases, with electricity and gas inflation at 13.6% and water supply at 9.9%. On the other hand, mining and quarrying—the largest part of the index—saw a slight drop to 3.9% from 4.1% in February. Manufacturing remained negative at -2.2% but improved from -2.9% the previous month. Transport and storage also saw a decline in prices, with inflation at -9.8%, while accommodation and food services stood at -9.4%. Despite the slight rise in March, producer inflation has dropped significantly compared to last year, when it was over 20 percentage points higher. This suggests that cost pressures in the industrial sector are easing. For businesses, this trend provides some stability in planning and managing costs. However, high utility prices remain a key concern for many industries.