A boat on the beach in Ghana

Ghana PMI January 2022

Ghana: PMI eases in January

The IHS Markit Purchasing Managers’ Index (PMI) came in at 50.8 in January, down from December’s 51.8. Consequently, the index remained above the 50-threshold, but suggested a more moderate improvement in business conditions relative to the previous month.

The downtick was largely driven by a decrease in output, which contracted for the first time in four months, amid higher prices and the emergence of the Omicron variant affecting the agriculture and wholesale and retail sectors. That said, other components were largely positive: Firms increased their workforce, managing to reduce backlogs despite higher new orders. In addition, firms increased their stocks of purchases. Looking at prices, input costs rose at a faster pace, which led producers to continue passing costs on to customers, with output prices now having risen for 21 consecutive months.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest