Producer price inflation slowed marginally to 1.3 per cent in November 2025, down from 1.4 per cent in October, according to the latest data released by the Ghana Statistical Service (GSS).
The decline represents a 0.1 percentage-point drop month-on-month and signals continued easing of cost pressures at the factory gate.
On a year-on-year basis, ex-factory prices rose by an average of 1.3 per cent between November 2024 and November 2025. This marks a sharp moderation, 25.7 percentage points lower than the rate recorded a year earlier.
According to the GSS, the slowdown reflects a month-on-month decline of 1.9 per cent in producer prices between October and November 2025, “indicating that producers, on average, charged lower prices in November than in the previous month.”
Sectoral movements shaped the overall trend. Mining and Quarrying, the largest sector with a weight of 43.7 per cent, recorded a 1.6 percentage-point increase, rising from 0.7 per cent in October to 2.3 per cent in November.
Manufacturing, which carries 35 per cent of the PPI weight, saw inflation ease sharply from 2.5 per cent in October to 0.5 per cent in November, a 2.0 percentage-point drop.
Producer inflation in the transport and storage sub-sector continued to contract, falling from -8.8 per cent in October to -9.0 per cent in November.
Within manufacturing, price pressures were uneven. Ten of the 23 major groups recorded inflation rates above the sector’s average of 0.5 per cent. The sharpest increases were in the manufacture of leather and related products (35.0 per cent) and textiles (26.5 per cent).
By contrast, the manufacture of coke and refined petroleum products posted the steepest decline, contracting by 12.5 per cent over the period.
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