Composite PMI in Ghana decreased to 48.50 points in January from 51.10 points in December of 2025. Composite PMI in Ghana averaged 50.60 points from 2017 until 2026, 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. source: S&P Global

Composite PMI in Ghana is expected to be 51.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Related Last Previous Unit Reference
Corruption Index 43.00 42.00 Points Dec 2025
Corruption Rank 76.00 80.00 Dec 2025
Leading Economic Index 8.80 8.40 percent Nov 2025


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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Ghana Private Sector Growth Remains Weak
The S&P Global Ghana PMI rose slightly to 50.6 in March 2025 from 50.5 in the prior month, indicating mild expansion in the country's private sector for the second month. Both output and new orders continued to rise, albeit marginally, while companies continued to expand their staff numbers. On the price front, inflationary pressures softened, as both input costs and output prices increased at weaker rates than in February.
2025-04-04
Ghana Private Sector Returns to Growth
The S&P Global Ghana PMI rose to 50.5 in February 2025 from 47.9 in January, signaling a marginal improvement in private sector activity after three months of contraction. The growth was driven by expansions in output, new orders, and employment, supported by stronger demand and improving economic conditions after last year's elections. Business activity increased, and new orders rose for the fourth time in five months, reflecting higher client demand and successful marketing. Moreover, employment rebounded solidly, and purchasing activity also increased, boosting inventories. On prices, input cost inflation remained sharp due to currency weakness and rising fuel prices, while staff cost inflation eased. As a result, firms raised selling prices faster, with charge inflation picking up from January. Lastly, business sentiment remained above average, with firms optimistic about output growth, currency stability, and supportive policies, indicating momentum in 2025 if conditions improve.
2025-03-05