Ghana’s Producer Price Index (PPI) inflation rate fell sharply to a four-year low of 1.4 percent in October 2025, down from 3.2 percent in September, according to the Ghana Statistical Service (GSS).
The decline continues the disinflationary trend in producer prices, with the slowdown largely driven by the mining and quarrying sector, whose inflation plummeted from 5.0 per cent to 0.7 per cent due to easing cost pressures.
The electricity and gas sector also saw a notable drop from 9.0 per cent to 5.0 per cent, while manufacturing, the second-largest PPI component, recorded a modest increase from 1.7 per cent to 2.5 per cent.
The broader Industrial Producer Price Index (Industry less Construction) fell from 3.8 per cent to 2.6 per cent.
The services sector continued to experience disinflation, with overall inflation deepening from -0.5 per cent to -1.0 per cent.
Transport and storage remained deeply negative at -8.8 percent, and accommodation and food service activities fell by -1.8 percent. In contrast, Information and Communication recorded 1.7 per cent, with Motion Picture, Video, and Television Production leading at 51.9 per cent.
Despite the annual decline, short-term pressures ticked up, with the month-on-month PPI rising 1.2 per cent compared with 0.9 per cent in September.
Industry less construction grew by 1.3 percent, services by 1.1 percent, and construction by 0.3 percent.
