Mining, manufacturing push producer inflation to 4.8%
Producer prices in Ghana rose to 4.8 per cent in September 2026, up from 4.4 per cent in August, the latest Producer Price Index (PPI) released by the Statistical Service disclosed on Tuesday. The post Mining, manufacturing push producer inflation to 4.8% appeared first on Ghana Business News .
In September 2026, Ghana's Producer Price Index (PPI) climbed to 4.8 percent, a slight uptick from 4.4 percent in the previous month, according to the Statistical Service. This increase in producer prices before consumer goods and services was primarily fueled by surging costs in mining and manufacturing, outpacing the 3.2 percent seen a year ago. Additionally, the monthly acceleration slowed to 1.3 percent in September, compared to August's 2.5 percent.
The industrial sector, excluding construction, experienced the highest annual inflation rate at 7.2 percent, an increase from 6.3 percent a month prior. Construction also saw a modest rise to 4.7 percent from 4.5 percent, while services decelerated to 1.4 percent from 1.8 percent.
Mining and quarrying stood as the leading contributor to producer inflation, registering a 5.5 percent rate, accounting for roughly half of the overall inflation in September. A significant driver behind this surge was the extraction of crude oil and natural gas, which saw a 18.3 percent hike.
Manufacturing prices rose to 4.6 percent in September, up from 3.6 percent in August and 1.7 percent a year earlier. This growth was largely attributed to mining and manufacturing activities, which together contributed more than 80 percent of the total producer inflation rate. Within manufacturing, leather and related products, fabricated metal products, furniture, machinery and equipment, and basic metals witnessed the most significant price increases.
Electricity and gas prices eased to 9.8 percent in September from 12.3 percent in August, while water supply and waste management also slowed to 8.3 percent from 10.1 percent. Construction sector inflation climbed steadily, with building activities leading at 7 percent, followed by specialized works at 4.8 percent, and civil engineering at 3.7 percent. In the services sector, overall inflation remained low at 1.4 percent, although some sub-sectors, such as transport and storage, observed rising cost pressures.
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