Food delivery giant Glovo has announced its decision to cease operations in Ghana effective May 10, 2024.
Despite investing significantly over the past two years to expand its services in the country, the company has faced profitability challenges within the Ghanaian market.
The news was communicated to Glovo's network of restaurant partners via email. In the message, Glovo cited the difficulty in achieving profitability as the primary reason for its decision to exit the Ghanaian market.
Glovo revealed that it plans to redirect its focus towards strengthening its presence in other African markets.
Specifically, it aims to consolidate its operations in countries like Morocco, Uganda, Kenya, Côte d’Ivoire, and Nigeria, where it sees more promising prospects for growth.
This decision comes as Glovo reassesses its investment priorities and strategic direction, opting to reallocate resources to regions where it can achieve better results.
Despite the closure of its operations in Ghana, Glovo expressed gratitude to its partners and customers for their support throughout its time in the country.
“We are reaching you to communicate that Glovo has decided to close our Ghana operations by May 10th at 10:00 pm.
"The decision to end our operations in the country is based on a reassessment of our investment priorities as we focus our resources on the other 23 countries where Glovo operates.”
“As your service provider company will also inform you, the app and the slots will remain active until May 10th, 10:00 pm… after that, the app will close and won’t be able to book any slots.”
Latest Stories
-
IFRS 17 is one of biggest changes to financial reporting standards in insurance industry – Deloitte
12 mins -
Enimil Ashon: Whose polls do you believe: ‘Global Info or Prof Sarpong?
14 mins -
Ghana Climate Innovation Centre welcomes 25 businesses into Cohort 10
19 mins -
ADB will continue to enhance customer value and service experience – Managing Director
21 mins -
Colour Cure Exhibition highlights art’s role in healing and advocacy
23 mins -
GPL 2024/25: Aduana FC sack coach Yaw Acheampong after poor run
26 mins -
John Dumelo pays ¢10,400 in outstanding fees for visually impaired law student facing deferral
27 mins -
CHRAJ clears Rev. Kusi Boateng of conflict of interest, says he doesn’t own 2 passports with different names
31 mins -
We’ll restore hope by cutting down taxes and avoiding unreasonable borrowing – Ato Forson
35 mins -
14th Edition of Tech in Ghana Conference launched in Accra
36 mins -
Manifesto clash: NPP, NDC spar over water, hygiene, sanitation and climate change
42 mins -
Ellembelle MP constructs new health facility at Santaso to serve several communities
46 mins -
Kwasi Appiah wanted to axe Ayew brothers and Wakaso from Black Stars – Ernest Thompson reveals
54 mins -
AngloGold Ashanti empowers PWDs in Obuasi East to harness 10-year socio-economic development plan
56 mins -
‘Dumsor’ won’t go anytime soon, we need 2 years to stabilize- IES
1 hour