FX.co ★ Ghana’s Economy Shows Subtle Decline as PMI Dips in November

Ghana's economic expansion has shown signs of cooling as the nation’s Whole Economy Purchasing Managers’ Index (PMI) slightly decreased in November. According to the latest data, released on December 3, 2025, the PMI slid to 50.10% in November from 50.30% in October.

The recent statistics indicate a continuous, yet modest, slowdown. The PMI still remains above the 50% threshold, signifying overall economic expansion, but the deceleration points to a cautious sentiment prevailing among Ghanaian businesses. This month-over-month decline could signal that companies are becoming more wary of the economic outlook, potentially impacting employment and investment trends in the short term.

As stakeholders take note of these subtle changes, policymakers may be encouraged to evaluate strategies to invigorate the economy. The government and business leaders will no doubt be closely monitoring future indicators to ensure sustained economic health in the coming months. These developments are particularly critical as the economy adjusts to global market dynamics and internal affairs.