Ghana’s PMI fell from 51.6 in May 2024 to 49.7 in June 2024

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana Purchasing Managers’ Index (PMI) dipped to 49.7 in June 2024 from 51.6 in May, according to S&P Global.

The index signalled a marginal monthly deterioration in business conditions, ending a four-month sequence of improvement.

According to the report, the strong inflation was a key issue for the private sector in June 2024 and was largely responsible for the renewed downturn at the end of the second quarter.

Similarly, the rate of purchase price inflation hit a 19-month high, having quickened for the fifth consecutive month. 

Source: newsthemegh.com