The IHS Markit Ghana PMI edged down to 51 in June of 2021 from 51.5 in May, signalling a slight improvement in business conditions, but one that was the weakest in the year-to-date. Output, new orders and employment rose at a milder pace, hampered by marked increases in prices. The rate of expansion in input buying also softened. At the same time, a further marked accumulation of outstanding business was recorded amid delays in the receipt of raw materials and production issues. Lastly, sentiment dropped to a 14-month low, due to concerns about cost pressures. source: Markit Economics

Composite PMI in Ghana averaged 51.43 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 July of 2021.

Composite PMI in Ghana is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Ghana to stand at 52.20 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
51.00 51.50 56.50 31.70 2017 - 2021 points Monthly
SA


News Stream
Ghana Private Sector Growth Subdued
The IHS Markit Ghana PMI edged down to 51 in June of 2021 from 51.5 in May, signalling a slight improvement in business conditions, but one that was the weakest in the year-to-date. Output, new orders and employment rose at a milder pace, hampered by marked increases in prices. The rate of expansion in input buying also softened. At the same time, a further marked accumulation of outstanding business was recorded amid delays in the receipt of raw materials and production issues. Lastly, sentiment dropped to a 14-month low, due to concerns about cost pressures.
2021-07-05
Ghana Private Sector Growth Remains Robust
The IHS Markit Ghana PMI fell to 51.5 in May of 2021 from 52.4 in April, pointing to the slowest expansion in private sector activity in four months although the rate of growth remained robust. Output and new orders continued to rise, while firms continued to up their rate of hiring. Purchase costs and selling prices both increased sharply, however, and there were some reports that marked price rises had started to impact both client demand and the desire of firms to hold inventories.
2021-06-03
Ghana Private Sector Expands Faster in April
The Stanbic Bank Ghana PMI increased to 52.4 in April of 2021 from 51.8 in the previous month, pointing to the ninth straight month of expansion in the country's private sector. Both output and new orders continued to rise solidly amid stronger demand. Employment also increased at a modest rate, but this was insufficient to keep on top of workloads as difficulties securing materials pushed backlogs of work to record levels. As a result, firms increased their purchasing activity at a solid pace amid efforts to secure inputs. Regarding prices, inflationary pressures remained sharp. Finally, business sentiment dipped to the lowest for a year, reflecting ongoing concerns about the impacts of the COVID-19 pandemic and price increases.
2021-05-06
Ghana Private Sector Growth Slows in March
The Stanbic Bank Ghana PMI eased to 51.8 in March of 2021 from 52.5 in the previous month, pointing to the eighth straight month of expansion in the country's private sector. Employment growth was the highest in over a year, accompanied by further expansions in output and new orders. Material shortages contributed to higher backlogs of work, longer delivery times, and a sharp rise in input costs, which were reflected in higher selling prices. Looking forward, businesses were the most optimistic in five months.
2021-04-07

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.