Ghana’s logistics index slightly drops to 62.4% from 63.3% in 2024 Q1

The Ghana Managers Index reports a slowdown in logistics and procurement activities in Q1 2024, deviating from the usual post-holiday restocking trend.

The logistics index value dropped to 62.4% from 63.3% in the previous quarter, due to high costs and low movement in the value chain.

Inventory costs increased to 81.1, while warehousing utilization decreased. However, electronic payment systems usage continued to rise, reaching 71.2.

Despite current challenges, the report predicts steady growth for the logistics sector, driven by the increasing adoption of Fintech in the Ghanaian economy.