03.09.202609:00:00UTC+00Ghana’s Whole Economy PMI Climbs Back Above 50, Signalling Renewed Growth in August

Ghana’s Whole Economy Purchasing Managers’ Index (PMI) moved back into expansionary territory in August 2026, rising to 50.80% from 49.20% in July 2026. The month‑over‑month improvement, based on data updated on 3 September 2026, indicates a return to overall economic growth after a brief contraction the previous month.

The shift from below to above the 50% threshold suggests that business conditions across Ghana’s private sector have strengthened compared with July. While July’s 49.20% reading reflected a modest deterioration relative to June, August’s 50.80% print points to a modest but positive change, with output, orders, or related activity indicators collectively edging higher on a month‑over‑month basis.

Under the comparison framework, the “Actual” August reading measures the change relative to July, while the “Previous” July figure captures the change versus June. The latest data therefore mark a clear turnaround in momentum, with Ghana’s whole-economy activity showing early signs of renewed expansion as the third quarter progresses.