The Ghana Statistical Service (GSS) has reported that year-on-year producer price inflation (PPI) for all goods and services stood at 1.4% in February 2026, indicating a modest rise in ex-factory prices over the past year.

This means that, on average, prices received by producers increased by 1.4% between February 2025 and February 2026. The figure represents a slight decline of 0.2 percentage points compared to the 1.6% recorded in January 2026.

Sector Performance

The Mining and Quarrying sector — which carries the largest weight in the index at 43.7% — recorded a marginal increase in inflation, rising from 3.7% in January to 4.1% in February, a gain of 0.4 percentage points.

In contrast, the Manufacturing sector, accounting for 35% of the PPI basket, saw a further decline in producer prices. Inflation in the sector dropped from -2.3% in January to -2.9% in February, reflecting a decrease of 0.6 percentage points.

Similarly, the Transport and Storage sub-sector continued its downward trend, with inflation falling from -6.9% to -8.6% over the same period.

Guidance for Consumers and Businesses

The GSS has advised consumers to prioritise goods and services with relatively stable prices as a way of preserving their purchasing power.

For businesses, the Service noted that the continued negative inflation in manufacturing presents an opportunity. Firms that depend on manufactured inputs are encouraged to negotiate medium-term supply agreements to lock in favourable prices.

At the same time, month-on-month data indicates the presence of short-term price pressures. As a result, businesses are being urged to adopt a cautious approach to pricing in order to avoid weakening demand.

Policy Outlook

The GSS also called on government to keep a close watch on short-term price trends to prevent a possible resurgence in inflationary pressures.