The rate of increase in the prices manufacturers in Ghana receive for the manufacture of their products (Producer inflation) increased 3.1 percentage points to 13 percent in December, compared with the 9.9 percent recorded in November, the Ghana Statistical Service (GSS) said here on Wednesday.
This increase was due to the rise in prices in the manufacturing sector, according to Araba Forson, a deputy government statistician.
“Inflation for manufacturing, the largest industry sector increased 4.3 percentage points to record an inflation rate of 8.8 percent in December compared with the 4.5 percent recorded a month earlier.
The performance of Ghana’s manufacturing sector has seen some improvement after the country’s crippling energy crisis ended in December 2015.
The sector has been aided by the implementation of the government’s industrialization program through the One District One Factory (1D1F) policy.
The utility sector increased slightly by 0.2 percentage points to 12.8 percent in December, over the 12.6 percent recorded in November.
Mining and quarrying, which usually stimulates the increase in PPI, however, slipped by 0.2 percentage points to 33.7 percent from the 33.9 percent recorded in December. Enditem