GSS urges supply chain monitoring as ProduceriInflation climbs to 5.8%

By Prince Antwi June 22, 2026

The Ghana Statistical Service (GSS) has called for intensified monitoring of supply chains to help contain inflationary pressures after producer inflation recorded a sharp increase in May 2026.

According to the latest Producer Price Index (PPI) report, annual producer inflation rose to 5.8 percent in May, up from 2.7 percent in April. This means that, on average, producers received 5.8 percent more for their goods and services compared to the same period in 2025.

Despite the increase on a year-on-year basis, producer prices declined by 1.4 percent between April and May, indicating a temporary easing of price pressures in the short term.

Mining sector fuels inflation increase

The rebound in producer inflation was driven largely by the mining and quarrying sector, which accounts for 43.7 percent of the PPI basket. Inflation in the sector surged from 5.6 percent in April to 11.0 percent in May, contributing 4.8 percentage points to the overall inflation rate.

The manufacturing sector, which carries a weight of 35.0 percent in the index, also returned to positive territory, recording inflation of 0.7 percent after registering a deflation rate of 0.7 percent in April.

Transport and storage posted a strong recovery, moving from a deflation rate of 6.6 percent to inflation of 7.7 percent. Accommodation and food service activities similarly shifted from negative 7.2 percent to positive 2.9 percent.

Across the broader economy, inflation for Industry excluding Construction rose to 5.1 percent from 2.2 percent in April. Construction inflation increased from 0.9 percent to 4.3 percent, while Services inflation moved from a deflation rate of 1.3 percent to an inflation rate of 1.8 percent.

Among the major sectors, mining and quarrying recorded the highest inflation rate at 11.0 percent, followed by water supply, sewerage and waste management activities at 10.2 percent. Transport and storage registered 7.7 percent, while electricity and gas recorded 6.9 percent.

Performance across sub-sectors

Within mining and quarrying, the extraction of crude oil and natural gas registered the highest inflation rate of 18.8 percent. Mining of metal ores recorded inflation of 6.5 percent, while mining support service activities posted 5.0 percent.

In manufacturing, leather and related products recorded the highest inflation rate at 19.1 percent, followed by beverages at 16.3 percent. However, the manufacture of other non-metallic mineral products continued to experience deflation, recording a rate of 13.3 percent.

The construction sector also saw stronger price growth. Inflation for building construction stood at 5.4 percent, while specialised construction activities and civil engineering recorded 4.4 percent and 3.9 percent respectively.

Within the services sector, transport and storage remained the strongest contributor with inflation of 7.7 percent. Accommodation and food service activities recorded 2.9 percent, while information and communication services posted 0.5 percent.

GSS calls for vigilance

Reacting to the latest figures, GSS warned that the rise in producer inflation could signal increasing production costs that may eventually be passed on to consumers if left unchecked.

The Service therefore urged government to strengthen surveillance and monitoring across supply chains to identify and manage potential cost pass-through risks.

It also stressed the importance of keeping a close watch on key sectors such as mining, manufacturing and transport, which continue to exert significant influence on inflation trends.

For businesses, GSS recommended adopting strategic pricing measures and securing critical inputs through bulk purchases or forward contracts where possible to cushion against rising production costs and safeguard profit margins.