Glovo

Food delivery giant, Glovo will cease operations in Ghana effective tonight, Friday, May 10. Despite substantial investments over the past two years aimed at expanding its services, the company says it has encountered challenges in achieving profitability within the Ghanaian market. The announcement of Glovo’s exit from the Ghanaian market was communicated to its network of restaurant partners via email. In the message, Glovo cited the difficulty in attaining profitability as the primary factor influencing its decision to withdraw from Ghana. Glovo stated its intention to shift its focus towards bolstering its presence in other African markets where it sees…

Delivery service provider Glovo has announced its plan to cease operations in Ghana, according to a notice sent to its clients. Starting May 10, Glovo's official customer app will no longer be accessible for placing orders, the notice stated. The company cited the need for an "extended period of time" to establish a stronger presence in the market and achieve profitability as the reason for its decision. As a result, Glovo has opted to reallocate its resources to the other 23 countries where it operates. However, Glovo has assured its affected clients of settling outstanding payments in accordance with the…