Audio By Carbonatix
The Ghana Stock Exchange is Africa’s second best market in terms of returns to investors, according to a report by Databank Research on investment and macroeconomic developments in some African countries.
It says persons who had invested on the exchange from January last year to December may have realized a return of as much as 30.5 percent on their investment in dollar terms.
This places Ghana second after the Ugandan market where investors realized a 33 percent return.
The return on the stock market also outperformed other traditional investment instruments such as treasury bills which offered less than 13 percent.
Databank’s Head of Research, Nii Ampah Sowah said the performance of the market gives investors choices whether they want to invest in stocks or T-bills.
Ampah Sowah said investors must look out for the energy sector as well as the financial services stocks for this year.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Beyond the goals! Resetting financial accountability and public trust in Ghana’s World Cup journey
20 minutes -
Ensign Global University and Engage Now Africa leads call for action on Albinism awareness and inclusion
33 minutes -
Sales boy captured on CCTV cameras stealing, jailed 36 months
1 hour -
‘Life moves fast; make every day count’ — Prof Ofori-Dankwa advises youth
2 hours -
Veteran Nollywood actor, Kola Oyewo dies
2 hours -
FIFA defends attendance figure amidst empty seats
3 hours -
US-based Professor Joseph Ofori-Dankwa credits Ghana’s education system for his global success
3 hours -
Gov’t unveils transition measures for new legal education system
4 hours -
Keta government hospital at 100: Preserving a century of service, protecting a legacy for future generations
4 hours -
Okyenhene lauds Garden City University leadership, urges focus on education and human capital
4 hours -
Morning Glory Montessori launches 30th anniversary celebration with year-long programme
4 hours -
USA thrash Paraguay 4-1 in Group D opener
4 hours -
GES summons teacher unions for emergency talks over controversial staff data collection exercise
5 hours -
Award schemes and matters arising : The great Ghanaian illusion we have condoned for generations
5 hours -
University of Ghana Vice-Chancellor urges inclusion of African languages in AI development
5 hours