Producer Price Inflation falls to 12.8% in December

The Producer Price Inflation rate for December 2021 decreased from 13.6 per cent in November 2021 to 12.8 per cent, the Ghana Statistical Service has announced.

This represents a 0.8 percentage point decrease in producer inflation.

The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services.

The PPI in the Mining and Quarrying sub-sector decreased by 1.7 percentage points over the November 2021 rate of 1.8 per cent to record 0.1 per cent in December 2021.

That of the Manufacturing sub-sector, which constitutes more than two-thirds of the total industry, also decreased by 0.8 percentage points to record 19.2 per cent.

The utility sub-sector recorded a 0.2 per cent inflation rate for December 2021.

In December 2021, two out of the 16 major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 19.2 per cent.

Manufacture of coke, refined petroleum products and nuclear fuel recorded the highest inflation rate of 56.4 per cent, while the manufacture of motor vehicles, trailers and semi-trailers recorded the least inflation rate of -3.5 per cent.

Petroleum Price Index

The producer inflation rate in the petroleum sub-sector was -4.0 per cent in December 2020.

The rate increased continuously to peak at 31.0 per cent in March 2021 but declined to 23.9 per cent in June 2021.

The rate increased continuously to record 58.4 per cent in November 2021. However, it dropped to 56.4 per cent in December 2021.

Trends

In December 2020, the producer price inflation rate for all industry was seven per cent.

The rate increased continuously to 13 per cent in March 2020 but declined to 10.9 per cent in April 2021.

In May 2021, the rate increased to 11.8 per cent but decreased continuously to a record of 8.1 per cent in August 2021.

The rate increased continuously to 13.6 per cent in November 2021 but declined slightly to 12.8 per cent in December 2021.

Comments

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

E&P takes over Black Volta and Sankofa Gold projects after years of delay

Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...

Ghana Property & Lifestyle Expo Ignites Global Interest in Ghana’s Real Estate Market with Landmark Washington DC Edition

Washington DC, USA – Hundreds of investors, professionals, and diaspora attendees gathered at the Washington Marriott Georgetown for the Ghana Property & Lifestyle Expo (GPLE) – Washington DC Edition , marking the dynamic launch of the 2025 Global Series. The two-day international showcase delivered a powerful mix of credible investment opportunities, expert insights, and strategic networking, spotlighting Ghana’s booming real estate sector as a leading destination for property and lifestyle investment in Africa. From luxury apartments and serviced plots to gated communities and commercial developments, attendees experienced the best of Ghana’s property landscape—featuring top developers from Accra and Kumasi, including Royal Kingdom Estate, Goldkey Properties, Devtraco Plus, Clifton Homes , and others. Eddy Acquah Moderator & AJ Akua Johnson Brand Ambassador GPLE (Actress , Fitness Coach & Philanthropist) [/caption] Ambassador Victor Smith Applauds Expo’s Rol...

Kofi Ahovi

Search This Blog