Producer Prices Fall, ATM Charges Face Backlash, and Solar Shines Bright: Ghana’s Economic Shifts Explained

Ghana’s economic climate continues to show signs of resilience, with falling inflation, consumer-friendly initiatives, and mounting public calls for fair banking practices dominating the latest developments. Today's Cedi Board offers key insights into how stability in the cedi is translating into better outcomes for both businesses and everyday consumers.

Market Indicators at a Glance

• Belpack Classic T-Roll (10 Rolls): GH₵35.00

  Down ~12.5% from GH₵40 in November 2024➡️ Consumers are feeling the effect of easing inflation, with essential goods like toilet rolls dropping in price. This is a direct reflection of falling producer inflation and stable supply chain conditions.

• Kleesoft (1kg): GH₵23.00

  No change from 2024➡️ Prices for some household items remain steady, signalling price stabilisation in key sectors. While not all products are dropping, the lack of further hikes is a win for consumers.

• USD/GHS Exchange Rate: GH₵10.31

  🔽 Bank of Ghana Interbank Selling Rate – June 18, 2025➡️ The stable cedi continues to cushion the economy. A firm local currency means reduced import costs, tamed inflation, and more room for policy manoeuvring.

Producer Price Inflation Drops to 10.25% – A 7-Month Low

Ghana’s producer price inflation (PPI) fell sharply to 10.25% in May 2025, down from 18.5% in April. This marks the lowest rate since November 2023, signalling relief for producers grappling with high input costs over the past year.

According to the Ghana Statistical Service (GSS), the biggest contributors to this drop were:

• Mining & Quarrying: -10.6 percentage points

• Manufacturing: -9.5 percentage pointsTogether, these two sectors accounted for nearly 79% of the overall reduction.

  
  

Why it matters:

• For businesses: A stable pricing environment presents opportunities to resume investments, cut prices, or renegotiate loans.

• For government: The GSS is advocating for the acceleration of strategic programs like the Gold Board and the Agriculture for Transformation Agenda to capitalise on the gains.

• For consumers: Slow-rising or falling prices mean improved purchasing power, less panic buying, and room to save more.

CUTS Urges BoG to End Unfair ATM Charges on Consumers

Think tank CUTS International Accra is calling on the Bank of Ghana to intervene in what it describes as unjust ATM fees.

A 2025 survey of 1,795 Ghanaians found:

• 71% had experienced ATM issues in the last three months.

• 44% used another bank’s ATM due to downtimes.

• 68% were not informed of additional charges before withdrawing.

  
  

Appiah Kusi Adomako of CUTS stated, "It’s deeply unfair to charge people extra when their own bank’s machine is out of service."

CUTS' proposed reforms include:

• Four free third-party ATM withdrawals per month when primary ATMs are down.

• Elimination of monthly ATM maintenance fees for loyal customers.

• Mandatory fee disclosures before any transaction.

• Minimum ATM uptime standards for all banks.

  
  

These changes, if adopted, could restore trust and transparency in Ghana’s digital banking system.

MultiChoice Ghana Launches Massive DSTV/GOtv Discounts

In a customer-first move, MultiChoice Ghana is offering:

• Free upgrades to the next package tier (e.g., Compact to Compact Plus).

• Decoder price cut: from GH₵169 to GH₵89 – just in time for the FIFA Club World Cup.

  
  

Dubbed “Apicki and We Got You”, this promo runs from June 16 to July 31, 2025 and aims to reward loyal customers while attracting new ones.

Managing Director Alex Okyere emphasised that the promo is a response to Ghana’s economic rebound, noting that "we are committed to bringing more value and premium content to our customers without extra costs."

Investor’s Insight: Harnessing Ghana’s Solar Potential

Ghana is embracing renewable energy as a strategic investment direction:

• By 2030, solar energy aims to contribute 5% of national power.

• Utility-scale and off-grid solar projects offer stable long-term returns.

• Clean energy growth attracts ESG funding, encourages rural development, and supports macroeconomic stability.

  
  

Why it matters for investors: Investing in solar now positions you in a sector with government support, global backing, and strong demand from both urban and rural sectors.

With producer inflation falling, banks under pressure to reform, and TV packages becoming more affordable, Ghana’s economic mood is shifting. The cedi’s resilience is slowly rippling through the economy, from price drops at the factory gate to living room screens across the country.

Stay tuned to the Cedi Board® for real-time updates on Ghana’s financial pulse. From prices and policy to investment tips that help you make sense of the numbers.