John Setor Dumelo, the 2024 NDC parliamentary candidate for the Ayawaso West Wougon constituency in the Greater Accra Region, has reacted to Glovo’s decision to cease operations in Ghana effective May 10.
He blames the imposition of higher taxes, depreciation of the local currency against major foreign currencies, and high cost of fuel prices.
The aspiring MP says this is a blow to his advocacy for job creation and investment attraction in the Ayawaso West Wougon constituency.
“Glovo has its office in the Ayawaso West Constituency but it’s shutting down in a few days. It’s really sad that while I’m promoting my constituency to attract more businesses and create jobs for my youth, high taxes, depreciating cedi, and high fuel costs, among other things, are forcing companies to fold up. Things need to change!!!” he wrote on X on Tuesday, April 30.
In an email sent to partner restaurants, Glovo said the “difficult decision” was made to redirect resources towards its other global markets.
The Spanish startup operates in over 23 countries across the globe but has struggled to achieve profitability in Ghana.
“While we recognize the potential of the Ghana market, building a stronger position in the market and achieving profitability would require substantial investment over an extended period of time.
“This is why we have decided to redirect our resources towards the other 23 countries where Glovo operates, enabling us to better serve the millions of customers who use the Glovo app every day,” Glovo said in the email.
The exit means Glovo’s customer app will be unavailable for placing orders in Ghana beyond 10:00 pm on May 10.
All outstanding payments to restaurants and vendors will be fulfilled per the company’s terms and conditions.
