Business
Ghana’s Producer Inflation Falls to 19-Month Low at 5.9% Amid Broad-Based Price Drops

Ghana’s Producer Price Inflation (PPI) has plunged to 5.9% in June 2025—the lowest year-on-year rate recorded since November 2023, according to the Ghana Statistical Service (GSS).
This marks a significant 4.2 percentage point decline from the 10.1% recorded in May and a sharp 19.7-point drop from the 25.6% registered in June 2024. It is also the fifth consecutive month of declining producer inflation, indicating consistent easing across several major production sectors.
On a monthly basis, the PPI saw a deflation of 1.4%, meaning producers, on average, received lower prices for their goods and services in June compared to May.
Releasing the data in Accra on Wednesday, July 16, Government Statistician Dr. Alhassan Iddrisu attributed the decline to ongoing price reductions in key sectors such as mining, manufacturing, transport, and hospitality.
“Our data confirms a steady fall in producer inflation, driven largely by lower input costs in high-weight sectors like mining and manufacturing,” Dr. Iddrisu said.
The Mining and Quarrying sector—which holds the largest weight in the PPI basket at 43.7%—saw inflation fall sharply from 13.7% in May to 6.5% in June. The Manufacturing sector, which accounts for 35% of the index, also dropped from 9.8% to 7.6%.
Other sectors saw even more dramatic shifts. Inflation in the transport sector dropped deeper into negative territory, from -4.8% to -7.0%, while the hotel and restaurant category experienced a notable turnaround—from a 6.5% rise in May to a 2.7% fall in June, a swing of 9.2 percentage points.
The Services sector recorded a modest year-on-year inflation of 0.7%, while construction posted a 6.0% increase.
Within subsectors, mining support services topped the inflation chart at 56.1%, while crude oil and natural gas extraction experienced a steep deflation of -25.1%. In manufacturing, vehicle production led with 35.8% inflation, followed by leather goods at 32.4%. Conversely, petroleum refining saw a 10.6% drop in prices.
Dr. Iddrisu advised businesses to adjust strategically. “Falling input costs can create room for innovation, but companies must be cautious about shrinking profit margins,” he said.
He urged government to focus on sustaining macroeconomic stability, incentivizing production, and supporting key sectors to maintain the downward inflation trend and safeguard employment.
The GSS also encouraged consumers to be discerning in their spending. “Shop smart, question price hikes, and reward brands that reflect cost reductions,” the report advised.
If producer cost trends persist, consumers may soon experience a welcome reduction in retail prices—provided businesses pass on the savings.
The PPI report tracks changes in prices received by producers across key economic sectors, excluding consumer taxes and intermediary costs. The current index is based on data from March 2020 to February 2021.
Business
NEIP and MoFA Partner to Boost Poultry Agribusiness Under Adwumawura Programme

The National Entrepreneurship and Innovation Programme (NEIP) has signed a Memorandum of Understanding (MoU) with the Ministry of Food and Agriculture (MoFA) to scale up support for agricultural entrepreneurs through the Adwumawura Programme.
The partnership seeks to strengthen Ghana’s agribusiness sector by combining MoFA’s technical expertise with NEIP’s entrepreneurship training initiatives.
As part of the agreement, MoFA will provide high-quality poultry feed and deliver technical and field support to programme beneficiaries. NEIP, on the other hand, will equip entrepreneurs with practical business training and essential resources, including hen coops, to help them establish and expand their poultry ventures.
At the signing ceremony, officials from both institutions emphasized that the collaboration is tailored to empower small-scale poultry farmers, especially “nkoko nketenkete” entrepreneurs, to create jobs, grow agribusinesses, and contribute to sustainable economic development.
The initiative falls under NEIP’s broader Reset Agenda, which is focused on driving innovation, supporting small enterprises, and positioning agriculture as a central pillar of Ghana’s economic transformation.
Business
Commercial Transport Operators Threaten Strike Over Soaring Spare Parts Prices

Commercial Transport Operators have issued a stern warning to government, demanding immediate action to reduce the high cost of spare parts or risk facing major disruptions in the transport sector.
In a statement dated September 9, 2025, the operators said they felt “compelled” to call on the Ministry of Transport, Ministry of Trade and Industry, Ministry of Finance, and the Parliamentary Select Committees on Trade, Industry, and Transport to swiftly intervene.
They recalled that in March 2025, during engagements with spare parts dealers and government officials, a promise was made to bring down spare parts prices, but nothing had been done since.
“Unfortunately, this promise has not been fulfilled, and the prices remain exorbitant,” the operators lamented.
The statement further warned: “If immediate action is not taken, we fear that the situation will escalate, and we may be forced to take drastic measures that could disrupt transportation services. We cannot continue to operate under these unsustainable conditions.”
They urged the relevant ministries and parliamentary committees to ensure that spare parts dealers adhere to their commitments, stressing that the survival of the transport industry—and by extension, the economy—depends on swift action.
“Failure to address this pressing issue will have severe consequences for our industry and the economy as a whole,” the statement concluded.
Business
GoldBod Unveils Bold Reforms to Transform Ghana’s Mining Sector

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Mr. Sammy Gyamfi, has announced sweeping reforms and strategic initiatives to position Ghana’s mining sector as a globally competitive and sustainable industry.
Speaking at the maiden edition of the Mining and Minerals Convention at the Kempinski Gold Coast Hotel, Mr. Gyamfi said the GoldBod was driving a paradigm shift from raw mineral extraction to value retention, with the goal of maximising national benefit from Ghana’s mineral wealth.
Between January and August 2025, small-scale gold exports facilitated by GoldBod reached a record 66.7 tonnes valued at $6 billion, surpassing the entire 2024 figure of 63 tonnes worth $4.6 billion. For the first time, small-scale gold exports outperformed large-scale mining exports over the same period.
Key reforms announced include:
Aggressive licensing reforms to promote responsible sourcing.
Scrapping of the 1.5% withholding tax on unprocessed small-scale gold.
Introduction of a nationwide traceability system to ensure transparency and compliance.
Partnerships requiring large-scale miners to supply 20% of their output to the Bank of Ghana for reserve accumulation.
To combat illegal mining, the GoldBod has pledged ₵5 million and five Toyota Hilux pickups to enforcement agencies, alongside a program to reclaim 1,000 hectares of degraded forest reserves beginning November 2025.
On value addition, Mr. Gyamfi announced plans for a state-owned gold refinery and an ISO-certified Assay Laboratory at Kotoka International Airport. Discussions are also underway to establish a “Gold Village” as a continental hub for jewellery production.
Calling for stronger investment, he urged local banks, pension funds, and financiers to channel resources into mining, stressing Africa’s need to transition from raw exports to beneficiation, from middlemen to tech-driven trade, and from youth as labourers to youth as innovators and owners.
“Ghana is resetting and Africa is rising. The GoldBod is ready. All we need now is courage and capital. Let us fund the minerals and mining sector differently. Let us transform it together,” Mr. Gyamfi concluded.
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