Retail giant Shoprite is set to exit the Ghanaian market after operating in the country for over 20 years. The South African-based company has confirmed that it has received a binding offer to sell off its operations in Ghana, a move described as “highly probable.”

This decision will see Shoprite divest its assets in the country, which include seven retail outlets and a warehouse. Though the buyer's identity has not been publicly disclosed, the transaction is expected to conclude soon, signaling the official end of Shoprite’s presence in Ghana.

Shoprite first entered the Ghanaian market in 2003, marking a significant expansion of the brand into West Africa. Over the years, the retailer established itself as a household name, offering a wide range of goods and employment opportunities to thousands of Ghanaians.

However, the company has struggled with several economic challenges in recent years. Rising operational costs, persistent inflation, currency instability, and import-related difficulties have reportedly made it increasingly hard for Shoprite to maintain profitability in Ghana and other parts of Africa.

Shoprite’s decision to exit Ghana follows similar moves in other African markets. The retail chain has already pulled out of Nigeria, Kenya, and Uganda as part of a broader restructuring strategy aimed at consolidating its operations within more stable markets.

With this exit, Shoprite will be closing a significant chapter in Ghana’s retail industry. The move is expected to impact customers, employees, and local suppliers who have been part of the company’s two-decade journey in the country.

As the transition unfolds, stakeholders await further announcements regarding the future of the affected outlets and the fate of employees under the incoming ownership.