Ghana’s stock market leads global gains

Accra is currently home to the world’s top-performing equity market, with the Ghana Stock Exchange Composite Index surging nearly 20% in dollar terms since late February. While global markets have faced a massive selloff due to the conflict in Iran, Ghana has defied the odds, riding a spectacular 41-day winning streak. This rally is fueled by a perfect storm of soaring oil prices and a banking sector in which some stocks, such as Ecobank Transnational Inc., have more than doubled in value. Analysts say improving fiscal policies, easing inflation, and interest-rate cuts are strengthening the outlook, positioning Ghana as an increasingly attractive frontier market despite lingering liquidity risks.

Bloomberg