Tap into the world’s largest financial market with EXNESS

The weak performance of the Ghana cedi to the dollar as well as inflation impacted negatively on the Ghana Stock Exchange (GSE), as the Accra Bourse lost about ¢748 million in market capitalization in 2022.

The GSE market capitalization stood at ¢64.49 billion in December 31, 2021, but ended 2022 at ¢63.74 billion.

In cedi term, it lost -12.37% return for investors. But it recorded -27.4% return for investors in dollar term at the end of December 2022.

Comparing the market performance within two years (2021 and 2022), the GSE recorded 27.55% gain.

The 2022 performance was far behind the 2021 achievement where it was the second-best-performing stock market in Africa.

The capital market suffered in 2022 from the difficult economic environment.

For the Financial Stock Index, the market recorded -4.61% for investors.

15 stocks lost value in 2022

Meanwhile, 15 stocks lost value in 2022, compared with eight gainers.

The biggest loser was Unilever Ghana which lost 34.13% in stock value to sell at ¢3.88 per share.

Some other losers were PBC (-33.33%), CAL (-25.29%), Fanmilk (-25%) and GCB (-24.81%). They traded at 2 pesewas, 65 pesewas, ¢3 and ¢3.94 per share respectively.

The biggest gainer in 2022 was, however, SIC insurance (287.50%), ending the year with a stock price of 31 pesewas per share.

Other gainers were Trust Bank Gambia (135.29%), Access (27.30%) and BOPP (7.65%).

Credit: myjoyonline

Tap into the world’s largest financial market with EXNESS