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
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