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RTRS:Ghana PPI rises in Nov on higher gold price
 
* Nov PPI up 17.28 pct y/y

* Mining, quarrying recorded highest increase

* Oct PPI revised lower to +16.40 pct (Adds details, quote)

ACCRA, Dec 28 (Reuters) - Ghana's annual producer price inflation rose beyond 17 percent in November, driven by higher costs in the mining sector as gold prices rose, the country's statistics office said on Wednesday.

Government statistician Grace Bediako said mining and quarrying prices recorded the highest increase of 36.36 percent while manufacturing rose 16.50 percent and utilities 7.71 percent.

"The high increases registered by mining and quarrying were largely due to increases in gold prices on the world market," Bediako told a news conference in Accra.

Ghana is Africa's second-largest gold miner behind South Africa.

Ghana's PPI index - a measure of the price domestic producers receive for their output - rose a revised 16.40 percent in October.

Consumer inflation eased slightly in November, data showed earlier this month, surprising analysts who had expected an uptick and paving the way for the central bank to pause on interest rates.

Aside from gold, Ghana is also the world's second-largest cocoa grower and joined the club of Africa oil exporters when its offshore Jubilee field started up late last year. (Reporting by Kwasi Kpodo; Writing by Bate Felix; Editing by John Stonestreet)
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