The nation’s year-on-year producer worth inflation in Could 2025 fell to 10.2 per cent from 18.5 per cent in April.
This represents a decline of 8.3 share factors from 18.5 per cent in April 2025.
The Authorities Statistician, Dr Alhasan Iddrisu, who disclosed this in Accra on Wednesday when he launched information on the Could 2025 PPI, mentioned the Could PPI marked a fourth consecutive decline in producer worth inflation.
“Producer inflation is declining at a sooner price. This price is the bottom recorded since November 2023(1.7 per cent),” Dr Iddrisu acknowledged.
On a month-on-month foundation, the common costs that producers obtained for his or her items and providers fell by 4.2 per cent in Could in comparison with April 2025.
The Authorities Statistician defined that the 2 most essential contributors to the decline of producer worth inflation in Could 2025 have been Mining and Quarrying (10.6 share factors) and
Manufacturing (9.5 p.cage factors), each accounting for 78.7 per cent of PPI.
The 2 sectors, Dr Iddrisu acknowledged have been key to Ghana’s industrial progress, saying “This presents a window for stabilisation, funding, and accountable spending.”
The Authorities Statistician mentioned the year- on-year producer worth inflation for the providers sector fell to 1.7 per cent in Could from 5.9 per cent in April.
That of producing, he mentioned additionally fell to 10.1 per cent in Could from 19.6 per cent in April, and development fell to 7.4 p.c in Could from 13.9 per cent in April.
He mentioned the producer worth for electrical energy and gasoline surged to eight.9 per cent in Could from 5.3 per cent in April.
That of water provide, sewerage and waste administration fell to 4.2 per cent in Could from 4.2 per cent in April.
Dr Iddrisu acknowledged that transportation and sewerage noticed a deflation in producer worth inflation of 4.2 per cent in Could from 16.2 per cent in April and accommodation and meals service actions noticed a drop in producer worth inflation to six.5 per in Could from 20.6 per cent in April.
Dr Iddrisu mentioned the producer worth inflation for info and communication fell to 2.9 per cent in Could from 3.4 per cent in April.
The Authorities Statistician prompt that companies ought to evaluate their price construction and regulate costs to stay competitive as enter costs decline.
He mentioned the companies should resume paused investments or growth plans, supported by a extra steady pricing surroundings and Enhance sourcing from native suppliers to cut back prices and decrease foreign money/import dangers.
Dr Iddrisu inspired businesses to have interaction with monetary companions to renegotiate or safe higher mortgage phrases as a result of decrease enter inflation.
The Authorities Statistician mentioned the federal government should fast-track strategic initiatives just like the Gold Board and Agriculture for Transformation Agenda to spice up change price stability and import substitution.
He mentioned the federal government should use detailed sub-sector information to information inflation management, business, and commerce insurance policies and strengthen public schooling on producer worth inflation, its causes, results, and relevance, to advertise transparency and knowledgeable decision-making.
He mentioned the federal government should talk optimistic financial developments clearly to construct public belief and confidence within the financial system’s course.
To customers and homeholds, the Authorities Statistician urged them to avoid wasting extra as costs have been rising slowly and even falling.
BY KINGSLEY ASARE
