FX.co ★ Ghana’s Whole Economy PMI Climbs Back Above 50 in March, Signaling Renewed Expansion

Ghana’s Whole Economy Purchasing Managers’ Index (PMI) moved back into expansionary territory in March 2026, rising to 51.40% from 49.20% in February 2026, on a month-over-month basis. The latest reading, updated on 07 April 2026, indicates a return to overall economic growth after a marginal contraction in the previous month.

The February PMI of 49.20% had pointed to a slight decline in activity compared with January, but March’s rebound above the 50% threshold suggests improving business conditions across the broader economy. The month-over-month comparison shows that the slowdown seen earlier in the year has given way to renewed momentum, with the current indicator now signaling expansion rather than contraction.

While detailed sectoral drivers were not disclosed, the shift from sub-50 to above-50 territory is typically interpreted as an encouraging sign for output, demand, and confidence going into the second quarter, following a brief period of weakness at the start of 2026.