Ghana Retail Industry Sector Market Growth Fast-Growth E-Commerce & Grocery Segments | Leadin Companies - Melcom Group, Unilever Ghana Limited, Palace Shopping Mall Limited, Shoprite Achimota Mall, Walmart Inc

Ghana retail industry market is about US$ 32 billion in 2023 and expected to reach about US$ 54 billion in 2031 growing at a CAGR of about 7.5% during the forecasting period (2024-2031).

DataM Intelligence has published a new research report on "Ghana Retail Industry Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Latest Mergers & Acquisitions (M&A)

Total M&A transaction value in Ghana is projected to reach about USD 30 million in 2025, with active deal flow across retail, telecommunications, and banking sectors.

The retail sector, including FMCG, consumer electronics, and supermarkets, has witnessed expansion through acquisitions, facility openings, and digital platform integrations by leading retailers such as Melcom and Electroland Ghana Limited.

Cross-border investments and joint ventures are increasing as foreign investors seek opportunities in Ghana's burgeoning retail market, supported by expanding modern retail infrastructure and e-commerce platforms.

Key Players:

Melcom Group, Unilever Ghana Limited, Palace Shopping Mall Limited, Shoprite Achimota Mall, Walmart Inc., Electroland Ghana Limited, Amazon.com, Inc., eBay Inc and A&C Mall.

Key Industry Developments

The informal retail sector still dominates but formal retail is expanding quickly with technology integration and new business models adapting to Ghanaian consumer demands.

FMCG dominates consumer spend, accounting for large shares of household expenditure on food, drinks, and daily necessities, driving retail growth.

Rising middle class income and urbanization fuel increased demand for apparel, electronics, and convenience retail, spurring new store openings, brand diversification, and competition.

Sustainability and eco-friendly product demand are emerging trends influencing retail assortments and marketing.

Regulatory framework and digital transformation policies foster a conducive environment for foreign investment, e-commerce expansion, and retail innovation

Growth Forecast Projected:

The Ghana Retail Industry Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the Ghana Retail Industry Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Product Type: (Apparel, Consumer Electronics, Fast Moving Consumer Goods (Food, Beverages, Personal Care, Home Care Products, Furniture, Others))

By Store Product Type: (Convenience Store, Discount Store, Internet Retailing, Supermarkets, Others)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Ghana Retail Industry producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Ghana Retail Industry revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q: How fast is the Ghana Retail Industry Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 7.5% from 2025 to 2032

Latest News

Retail sales and VAT collections in Ghana surged over 30% in the first five months of 2025, underscoring strong recovery and consumer spending momentum.

Ecommerce platforms are expanding rapidly, leveraging smartphone and internet penetration, with growing investments in payment infrastructure and customer trust-building through registrations and anti-fraud policies.

Major retail chains are implementing omnichannel approaches and digital inventory management to tap into changing consumer shopping behaviors.

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