Dr. Alhassan Iddrisu
The Government Statistician, Dr. Alhassan Iddrisu, has announced that the country’s year-on-year producer price inflation rose marginally to 1.5 percent in March 2026, which reflects a modest increase in ex-factory prices across key sectors of the economy,
Presenting the latest Producer Price Index (PPI) data of the Ghana Statistical Service, Dr. Iddrisu indicated that the rate represents a 0.1 percentage point increase from the 1.4 percent recorded in February 2026.
He said, however, that the figure marks a sharp decline of 22.9 percentage points compared to the 24.4 percent recorded in March 2025.
The PPI, which measures the average change in prices received by domestic producers, rose to 280.3 in March 2026 from 278.4 in February 2026, which signals continued but subdued price growth within the production sector.
On a month-on-month basis, producer inflation stood at 0.7 percent in March 2026, down from 1.3 percent in February, an indication of easing short-term price pressures despite the slight annual uptick.
Dr. Iddrisu said a sectoral breakdown shows mixed trends across the economy. The mining and quarrying sector, which carries the largest weight of 43.7 percent in the index, recorded a decline in inflation from 4.1 percent in February to 3.9 percent in March.
Manufacturing, which accounts for 35 percent of the index, remained in deflation but improved slightly from negative 2.9 percent to negative 2.2 percent over the same period.
The electricity and gas sector continued to record the highest inflation at 13.6 percent, while water supply and waste management followed at 9.9 percent.
In contrast, transport and storage as well as accommodation and food services recorded significant deflation, with rates of negative 9.8 percent and negative 9.4 percent respectively.
Dr. Iddrisu noted that the decline in transport-related inflation could support cost competitiveness in the economy, particularly for businesses reliant on logistics and distribution.
He advised households to adjust consumption patterns toward goods and services with stable prices to preserve real incomes, while urging businesses to take advantage of relatively low manufacturing prices by negotiating medium-term supply contracts.
For policymakers, the Government Statistician emphasised the need to maintain fuel supply stability and improve logistics efficiency to sustain the downward trend in transport costs and support broader economic stability.
By Ernest Kofi Adu