THE country’s Producer Price Inflation (PPI) for January 2026 fell to 1.6 per cent, from 1.9 per cent in the same period last year, the Ghana Statistical Service (GSS) has announced.

That represents a 0.3 percentage point decrease.
Between December 2025 and January 2026, the PPI increased by 3.3 per cent, indicating a rise in the average prices received by domestic producers over the period.

On a month-on-month basis, the PPI inched up to 3.3 per cent in January 2026 from minus 0.8 per cent, representing an increase of 4.1 percentage points.

The Government Statistician, Dr Alhassan Iddrisu, addressing a news conference in Accra yesterday to the release data on the January PPI and Index, said the Producer Price Index rose to 274.9 in January 2026, up from 266.0 in December 2025 and 270.6 in January 2025.

On month-on-month, he said, the index rose to 274.9 in January 2026 from 266.0 in December 2025.

Dr Iddrisu explained that year-on-year producer price inflation for all goods and services stood at 1.6 per cent in January 2026, meaning that, on average, the ex-factory prices of goods and services increased by 1.6 per cent between January 2025 and January 2026.

He noted that the January rate was 0.3 percentage point lower than the December 2025 producer inflation rate and 26.9 percentage points lower than the rate recorded in January 2025, reflecting a significant easing in producer price pressures over the year.

In terms of sectoral performance, he said Mining and Quarrying, the largest sector with a weight of 43.7 per cent, recorded a 0.4 percentage point increase in producer inflation, rising from 3.3 per cent in December 2025 to 3.7 per cent in January 2026.

He said the Manufacturing sector, which accounts for 35 per cent of the PPI weights, however, declined from 0.1 per cent in December 2025 to minus 2.2 per cent in January 2026, representing a drop of 2.3 percentage points.

Dr Iddrisu said PPI in the transport and storage sub-sector continued its downward trend, falling from minus 3.7 per cent in December 2025 to minus 6.9 per cent in January 2026 and indicated easing cost pressures within the logistics chain.

The Government Statistician said the Industrial Producer Price Index (I-PPI) inflation rate for January 2026 was 1.9 per cent, a decrease of 0.2 percentage point compared to the 2.1 per cent recorded in December 2025.

He said Industry less Construction rose steadily from 300.7 in January 2025 to over 310.0 in March 2025, declined sharply in May, and ended at 306.4 in January 2026.

Dr Iddrisu said the Electricity and Gas sub-sector remained relatively stable, rising from 203.8 in January 2025 to 234.1 in January 2026, while Water supply, sewerage, waste management and remediation activities increased from 158.7 to 174.5 over the same period.