Africa’s Stock Markets are Becoming a Big Part of the Continent’s Growth Story

What used to be seen as small and underdeveloped is now grabbing attention as a hotspot for investments and business growth. Ghana’s benchmark stock index, which led the continent as the top performer last year, is a prime example. With investor confidence soaring in President John Mahama’s incoming government and its promises to restore economic stability, the market is poised for even greater gains in 2025. In neighbouring Ivory Coast, the BRVM Composite Share Index—representing companies from the eight-member West African Economic and Monetary Union—rose by 29% in 2024, marking its largest gain in three years.

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