The IHS Markit Ghana PMI was unchanged at 51.0 in November of 2021, signalling a third successive improvement in business conditions in the private sector, and one that was the same modest pace as seen in October. New orders, output and employment continued to rise, while business confidence improved to the highest in just over a year. Meanwhile, inflationary pressures picked up sharply, with higher prices often reflecting increases in fuel costs. This was despite suppliers' delivery times shortening to the greatest extent on record. source: Markit Economics

Composite PMI in Ghana averaged 51.35 points from 2017 until 2021, reaching an all time high of 56.50 points in September of 2017 and a record low of 31.70 points in April of 2020. This page provides - Ghana Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Composite PMI in Ghana is expected to be 50.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Composite PMI is projected to trend around 53.00 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Ghana Composite PMI


Related Last Previous Unit Reference
Composite PMI 51.00 51.00 points Nov/21

News Stream
Ghana Private Sector Activity Growth Remains Modest
The IHS Markit Ghana PMI was unchanged at 51.0 in November of 2021, signalling a third successive improvement in business conditions in the private sector, and one that was the same modest pace as seen in October. New orders, output and employment continued to rise, while business confidence improved to the highest in just over a year. Meanwhile, inflationary pressures picked up sharply, with higher prices often reflecting increases in fuel costs. This was despite suppliers' delivery times shortening to the greatest extent on record.
2021-12-06
Ghana Private Sector Activity Growth Slows
The IHS Markit Ghana PMI fell to 51 in October of 2021 from 52.6 in September, pointing to the second consecutive month of improvement in business conditions across the private sector, albeit one that was less marked than that seen in September. The pace of expansion in business activity slowed and was marginal, mainly attributed to difficulties in securing materials. Meanwhile, new orders, employment and purchasing activity continued to rise solidly. Also, the vendor's performance improved significantly. On the price front, higher costs for fuel and freight alongside currency weakness led to a sharper increase in purchase prices, with firms raising their output charges accordingly. Finally, companies remained optimistic in the 12-month outlook for business activity, on expectations of further improvements in new orders and hopes of a lack of disruption from the COVID-19 pandemic.
2021-11-03
Ghana Private Sector Activity Shrinks for 2nd Month
The IHS Markit Ghana PMI fell to 48.9 in August of 2021 from 49.7 in July, pointing to the second consecutive month of deteriorating in business conditions across the private sector. New business dropped after a 14-month period of growth, amid Covid-19 restrictions, heavy rainfall and recent price rises as some clients unable to afford to commit to projects. Companies also lowered their staffing levels for the second month running. In terms of prices, input costs and selling prices continued to increase. Despite signs of weakness in August, companies remained strongly optimistic that business activity will increase over the coming year. Hopes of improving business conditions and greater stability around prices were behind positive sentiment, although optimism eased from that seen in July.
2021-09-03

Ghana Composite PMI
The Stanbic Bank Ghana Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies, which have been carefully selected to accurately represent the true structure of the Ghanaian economy, including agriculture, construction, industry, services and wholesale & retail. The panel is stratified by GDP and company workforce size. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. The Purchasing Managers’ Index (PMI) is a composite index based on five of the individual sub-components with the following weights: New Orders- 0.3, Output- 0.25, Employment- 0.2, Suppliers’ Delivery Times- 0.15, Stock of Items Purchased- 0.1, with the Suppliers’ Delivery Times sub-component inverted so that it moves in a comparable direction.