A 20% Stock Rally Makes Ghana World’s Top Performer Since War
Shoppers at the Okaishie outdoor market in Accra, Ghana.
Photographer: Ernest Ankomah/BloombergA scorching rally by Ghana’s main stock index since the start of the Iran war tops a small cohort of equity markets that have gained amid a wider global selloff.
The Ghana Stock Exchange Composite Index in Accra is up almost 20% in dollar terms since Feb. 27, even after snapping a record 41-day winning streak on Thursday. The gains reflect a shift in foreign investor sentiment toward the oil-rich country, which as recently as 2022 defaulted on its sovereign debt.