Africa-Press – Ghana. Ghana’s producer price inflation rose marginally to 1.5 per cent in March 2026 from 1.4 per cent in February.
The increase indicates modest gains in prices received by producers year-on-year but remains significantly below the 24.4 per cent recorded in March 2025, reflecting subdued inflationary pressures.
The Ghana Statistical Service (GSS) said the Producer Price Index (PPI) rose to 280.3 in March from 278.4 in February, translating into a 1.5 per cent year-on-year inflation rate, 0.1 percentage point higher than February.
“On a month-on-month (MoM) basis, producer prices for goods and services increased by 0.7 per cent in March 2026 compared to February 2026,” Dr Alhassan Iddrisu, Government Statistician said during a virtual press briefing on Wednesday.
“The current rate is a dramatic 22.9 percentage point below where it stood twelve months ago, reflecting a significant cooling of price pressures at the producer level. This deceleration in short-term price growth suggests that while producer prices are still trending upward, the pace of that increase is moderating,” he explained.
On a sectoral basis, Industry, excluding construction, maintained a year-on-year inflation rate of 1.8 per cent in March, unchanged from February, with a month-on-month increase of 0.6 per cent.
Mining and quarrying recorded a year-on-year inflation rate of 3.9 per cent in March, down from 4.1 per cent in February.
Manufacturing, which accounts for 35 per cent of the PPI weighting, improved from -2.9 per cent in February to -2.2 per cent in March, indicating easing deflationary pressures.
The electricity and gas sub-sector recorded a year-on-year inflation rate of 13.6 per cent in March, down from 14.3 per cent in February, while manufacture and distribution of gas posted a deflation of 29.1 per cent.
Water supply, sewerage and waste management services maintained a year-on-year inflation rate of 9.9 per cent. Waste collection, treatment and disposal eased to 3.1 per cent, while water collection, treatment and supply remained at 17.2 per cent.
“The stability in this sub-sector reflects consistent pricing patterns in essential utility services, where prices tend to move gradually in line with operational costs rather than market volatility,” Dr Iddrisu explained.
The Construction sector recorded a year-on-year inflation rate of 0.3 per cent in March, down from 0.4 per cent in February, with a month-on-month rate of 0.1 per cent.
The Services sector recorded a year-on-year deflation of 0.9 per cent in March, compared to -0.8 per cent in February.
“This deflation in the services sector is being driven primarily by steep declines in transport and storage, which posted a year-on-year rate of -9.8 per cent, the most negative reading in the sector, and Accommodation and Food Services, which recorded -9.4 per cent,” Dr Iddrisu said.
“These two sub-sectors have been in consistent year-on-year decline, reflecting sustained downward pressure on prices in hospitality and transport that has persisted through the first quarter of 2026,” he said.
The Government Statistician said the data suggested that utility-related costs were rising while services and manufacturing experienced price declines.
He advised households to re-orient consumption towards goods and services with more stable prices to preserve real incomes.
Dr Iddrisu urged firms reliant on manufactured inputs to negotiate medium-term supply agreements and adjust pricing cautiously to avoid demand contraction.
He said declining transport inflation could improve cost competitiveness and urged government to support fuel supply stability and logistics efficiency.
The Government on Wednesday announced it would absorb GHS2.00 per litre on diesel and GHS0.36 per litre on petrol as a one-month intervention aligned with the next petroleum pricing window.
Source: Ghana News Agency
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