The Ghana Statistical Service (GSS) has recorded a 10.2% year-on-year Producer Price Inflation as of May 2025.

This marks a 4th consecutive decline after a decline of 8.3 percentage points from 18.5% in April 2025.

According to the GSS, Producer inflation is declining at a faster rate.

On a month-on-month basis, the average prices that producers received for their goods and services fell by 4.2% in May compared to April 2025.

The two most important contributors to the decline of producer price inflation in May 2025 were Mining and Quarrying (10.6 ppt) and Manufacturing (9.5 ppt), both accounting for 78.7% of PPI.

The year-on-year Producer Price Inflation rate of 10.2% in May 2025 is the lowest recorded since November 2023 (1.7%). Consumers may benefit in the coming months through a reduction in inflation if businesses pass on stability in prices.

Ghana’s Producer Price Inflation (PPI) fell sharply in April 2025, dropping to 18.5% from 24.4% in March.

Meanwhile, Government Statistician, Dr. Alhassan Iddrisu, has revealed that in the first quarter of the year, the economy grew by 5.3%.

This represents a 0.4% increase from the 4.9% recorded during the same period last year.

The Ghana Statistical Service (GSS) in its report, noted that the services sector and the agricultural sector are responsible for the strong performance.

"All sectors recorded growth, apart from the industry sector, which recorded a contraction. This is driven by oil and gas. Growth in the services sector was dominated by the ICT sector, followed by the Financial and Insurance sub-sectors", Dr. Alhassan Iddrisu told the media today, Wednesday, June 11.

Slow growth in the oil and gas sector led to industry sector recording a rate of 3.4%. The non-oil growth rate, however, was 6.8%.