Producer price inflation in Ghana slowed slightly to 1.3 per cent in November 2025, down from 1.4 per cent in October, according to the latest data from the Ghana Statistical Service (GSS).

This 0.1 percentage-point month-on-month decline indicates a 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, which is 25.7 percentage points lower than the rate recorded during the same period a year earlier.

The GSS noted that the moderation in producer inflation reflects a 1.9 per cent month-on-month decline in producer prices between October and November 2025, showing that producers, on average, charged lower prices in November.

The easing trend was shaped by shifts across key production sectors. The Mining and Quarrying sector, the largest with a weight of 43.7 per cent, recorded an increase in producer inflation from 0.7 per cent in October to 2.3 per cent in November, a rise of 1.6 percentage points.

Meanwhile, the Manufacturing sector, which accounts for 35 per cent of the Producer Price Index (PPI) weight, saw producer inflation ease from 2.5 per cent in October to 0.5 per cent in November, representing a 2.0 percentage-point drop. 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 manufacturing groups recorded inflation rates above the sector’s average of 0.5 per cent in November. The largest increases were seen in the manufacture of leather and related products, which surged by 35.0 per cent, followed by textiles at 26.5 per cent. In contrast, the manufacture of coke and refined petroleum products posted the lowest rate, contracting by 12.5 per cent over the same period.