The Ghana Stock Exchange (GSE) ended last year as Africa’s 2nd best performing stock market in both Dollar and Cedi terms.
In Dollar term, the exchange recorded 38.59% return for investors, whilst investors enjoyed 43.66% gain in Cedi term.
During the first nine months of 2021, the GSE was the best performing stock market in Africa, until it was dislodged by the Lusaka Stock Exchange. This was due to the pressure on the Ghana Cedi during the second half of the year.
Importantly, investor sentiments had sustained the growth of the market as with more local investors and pension fund managers increasing their participation on the market.
As at December 31st last year, the Market Capitalization had grown significantly to close the year at GH¢64.49 billion with 15 listed equities on both the main and Ghana Alternative Market (GAX) registering gains in their market value, whilst five stocks recorded losses.
