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Ghana stock market: a bullish performance recorded in 2024

25/02/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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The Ghana Stock Exchange (GSE) became the best stock exchange in Africa in 2024 with a gain of 56.17% over the period by recording a bullish performance during the year. Industry experts are optimistic that this performance will continue in 2025

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The Ghana stock market index was the African leader with a remarkable return of 56.17%, the highest since 2013. This performance was reinforced by a $3 billion IMF rescue package and an average GDP growth of 6.3% over the year. The stock market composite index rose from 3,130.23 to 4,888.53, marking its best performance in 11 years since the 78.8% return in 2013

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The Accra Stock Exchange is expected to post another solid performance in 2025, with Data Bank research forecasting a 45% rise in the Accra Stock Exchange Composite Index, which would end the year at 6,850 points. Investors expect further gains in 2025 under the administration of President John Dramani Mahama, who has prioritized economic stability and fiscal consolidation. Thus, analysts expect an increase of 45% in 2025, supported by an improvement in the economy and a strengthening of the CEDI currency

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The country's gain of 56.17% was closely followed by the Malawi Stock Exchange with a gain of 55.06%, continuing its upward trajectory of 2023, when it recorded a return of 78.85%.

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