Value of equity trades by foreign investors slightly outpaces that of local investors
Foreign investors took the lead in equity trades for 2023 contributing GHS 842m and representing a 52% share of the total equity value traded.
Meanwhile, local investors trailed with trades worth GHS 789m capturing a 48% share of the market.
Despite the robust figures, both foreign and local equity trades experienced a considerable decline year-on-year, contrasting sharply with the GHS 2bn and GHS 1.2bn figures reported in 2022 for foreign and local investors respectively.
Speaking at a Breakfast Meeting with Journalists on Monday, March 25, 2024, Abena Amoah, Managing Director of the GSE, highlighted the market’s impressive turnaround in 2023.
The stock market closed the year with a notable return of 28.08% for investors, effectively reversing the negative 12.38% return witnessed in 2022.
This resurgence was primarily fueled by the stellar earnings performance of listed companies, which bolstered investor confidence.
Furthermore, Ms Amoah revealed that the GSE’s market capitalization crossed a historic milestone surpassing the GHS 70 billion mark, underscoring the market’s resilience and attractiveness.
However, not all segments of the financial market fared well. The Bond Market experienced its most challenging year since 2020, attributed primarily to the impact of the DDEP signaling potential areas of concern amidst the broader positive trends observed in Ghana’s financial landscape.
