Shoprite Holdings, South Africa’s largest grocery retailer, has announced plans to exit the Ghanaian market as part of its ongoing strategy to scale back operations across Africa and focus on its core business at home.
In a trading update for the 52 weeks ending June 29, 2025, Shoprite disclosed that it received a binding offer in June for the sale of its assets in Ghana. These assets include seven operational stores and one warehouse. The company stated that the deal is “highly probable” and that the Ghanaian operations have already been classified as discontinued.
“The Group received a binding offer during June 2025 to dispose of the assets and liabilities in relation to the operations in Ghana, which consists of seven trading stores and one warehouse. The sale is deemed highly probable,” the statement read.
Shoprite’s decision to exit Ghana follows similar moves in recent years, including withdrawals from Nigeria, Kenya, the Democratic Republic of Congo, Uganda, and Madagascar. These actions reflect a broader shift in the retailer’s pan-African strategy amid persistent economic challenges such as currency volatility, inflation, high import tariffs, and dollar-denominated rent obligations.
In addition to the developments in Ghana, the company revealed that it had signed an agreement on June 6, 2025, to sell five trading stores in Malawi. This transaction is pending approval from the Competition and Fair Trading Commission and the Reserve Bank of Malawi.
Though the identity of the potential buyer in Ghana has not been disclosed, the binding nature of the offer suggests that a formal handover could occur soon, pending regulatory approval.
Shoprite first entered the Ghanaian market in 2003. Its planned exit marks the end of over 20 years of retail operations in the country.
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