In a recent update, Ghana's Whole Economy Purchasing Managers' Index (PMI) has shown a slight contraction as the indicator slipped to 49.80% in September 2025. This represents a 1% drop from August 2025, where it stood at 50.80%. The data, updated on October 3, 2025, marks a subtle but significant shift below the neutral threshold of 50%, which separates expansion from contraction.
The month-over-month comparison reveals this decline follows a previous stable performance, as August's PMI slightly surpassed the 50% mark, indicating a marginal expansion at that time. This downward movement in September suggests potential challenges in the manufacturing and services sectors that contribute to the overall economic health of the region.
This is a crucial development for investors and policymakers, as the PMI measure is a leading indicator of economic activity, providing insight into prevailing business conditions. The drop below the 50% line warrants close monitoring to ascertain whether this is reflective of temporary pressures or if it heralds a more sustained downturn in the coming months.
