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Market Update: Ghana Private Sector Growth Remains Robust
The IHS Markit Ghana PMI fell to 51.5 in May of 2021 from 52.4 in April, pointing to the slowest expansion in private sector activity in four months although the rate of growth remained robust. Output and new orders continued to rise, while firms continued to up their rate of hiring. Purchase costs and selling prices both increased sharply, however, and there were some reports that marked price rises had started to impact both client demand and the desire of firms to hold inventories. source: Markit Economics [/s2If]
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