Purchasing Managers Index

The country’s private sector activity expanded for the first time in a year as Ghana’s Purchasing Managers Index increased to 50.2 in February 2023, from 47.2 in January 2023, data from the Bank of Ghana has revealed. With indications of strengthening demand, production and new orders returned to growth. In addition, the purchasing activity rebounded, ending a 14-month decline, while inventory levels rose at the fastest rate since September 2021. On the pricing front, input costs climbed at the slowest rate in a year, but still significantly, as both purchase prices and labour expenses rose. Databank Research believes private sector…