The Ghana Statistical Service (GSS) is encouraging businesses to go beyond simple price reductions and adopt smarter pricing strategies, as producer prices fall for the fifth straight month.
According to the latest Producer Price Index (PPI) report, inflation at the producer level dropped to 5.9% in June 2025, down from 10.1% recorded in May.
This marks the lowest rate since November 2023. On a monthly basis, producer prices declined by 1.4%, indicating that the average prices producers received for their goods and services in June were lower than in May.
In a statement, the GSS advised businesses to take advantage of the declining costs by being more innovative. “For businesses, rethink pricing and renegotiate smartly,” it said.
“Falling costs bring opportunity but tighter margins too. Stay ahead by innovating not just adjusting prices.”
Sectors such as transport and hospitality have already seen significant changes.
Transport inflation dropped further to -7.0%, while prices in accommodation and food services reversed sharply from a 6.5% increase to a 2.7% decrease.
The GSS also delivered targeted advice to the government and consumers.
It urged policymakers to “lock in stability, boost production, and support key sectors with smart incentives to drive demand, protect jobs, and keep the momentum strong.”
For households, the GSS emphasised the importance of monitoring retail prices:
“If producer costs are falling, retail prices should too, all else remaining constant. Buy smart, question markups, and support brands that pass savings on.”
As factory gate prices continue to decline, the key issue remains whether businesses will pass these cost savings on to consumers and whether the benefits of easing inflation will be felt in the pockets of everyday Ghanaians.