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The information available on YEN.com.gh shows that stocks in Ghana lagged the rest of the world from January to March 2019.
Pulse.com.gh reports that this was due to the depreciation of the cedi, as well as the drying up of investors in local institutions.
The cedi is depreciated by about 19% in 2019, making it one of the least performing currencies in the world.
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According to Bloomberg, the Ghana Stock Exchange Composite Index lost more than 14% this year, putting it behind the dollar among 94 global benchmarks.
The index advanced for the first day on three Friday, gaining 1.4% to 2,415.2 at 2:34 pm. in the capital, Accra.
Ghana's imminent exit from a four-year International Monetary Fund program in April 2019 has puzzled some foreign investors, whose sale of the country's badets had surpbaded 11% cedi in 2019, reports Bloomberg.
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Source: Yen.com.gh
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