Glovo to shut down operations in Ghana, says profitability will take ‘extended period’
Delivery Service provider, Glovo has announced its decision to close operations in Ghana.
In a notice to one of its clients sighted by 3News, Glovo said that beginning May 10, its official customer app will be inaccessible for orders.
Glovo explained that it took the decision because it would require an “ extended period of time” for it to build a stronger position in the market and achieve profits.
Glovo is leaving Ghana pic.twitter.com/xisO1BzJu6
— KALYJAY (@gyaigyimii) April 29, 2024
It has thus resorted to redirecting its resources to the other 23 countries where the company operates.
Glovo has assured its clients likely to be affected by the decision of outstanding payments per the company’s terms and conditions in due time.
A Business Insider Africa report in October 2021 said the company had invested €25 million ($30 million) to bring its food delivery service to six African countries — Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire and Nigeria.
The company launched its operations in Ghana in March 2021. Its Co-Founder, Sacha Michaud said the company was ready to invest 3.5 million euros In October 2021.
