The Ghana Stock Exchange (GSE) was Africa’s sixth-best-performing stock market in dollar terms in 2024.
The Accra Bourse returned 26.13% for investors.
In cedi terms, the Accra Bourse was the second-best-performing market on the continent
The performance of the market is one of the best performances in recent times.
However, the stock market will have overall placed second in Africa as the best-performing stock market if the depreciation of the cedi has been marginal.
The GSE Composite Index (56.17%) and the GSE Financial Stock Index (25.20%) ended the year high. The market capitalization ended 2024 at a record GH¢110.69 billion.
Generally, market activities picked up significantly compared to the previous year, with the number of transactions recording over 70% increase.
In all, 16 stocks increased in value.
The best-performing stock was Unilever Ghana (140.40%). Other performing stocks were Ecobank Transnational Incorporated (106.67%), GCB Bank (87.35%), MTN Ghana (78.57%) and GGBL (61.76%).
Five stocks underperformed. The worst performing stock was CalBank (-27.08%).
Meanwhile, Kenyan’s Stock Exchange was the best-performing stock market in Africa in 2024.
It was followed by Malawi Stock Exchange in second and Uganda Stock Exchange in third position.
