Foreign investors scaled back their participation in Ghana’s debt market in 2024, with holdings declining to GH¢13.4 billion at the end of December 2024 compared to GH¢17.5 billion a year earlier.
However, their appetite for equities strengthened as foreign equity holdings rose sharply to GH¢33.6 billion from GH¢20.9 billion over the same period, reflecting the improved performance of the stock market.
The Bank of Ghana noted that foreign investors’ activity in the capital market was “mixed” during the review year.
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While equity security holdings expanded significantly, debt security holdings contracted.
The Bank, however, expects foreign participation in the debt market to improve in 2025 on the back of sustained macroeconomic recovery and favourable economic prospects.
Meanwhile, the stability dimension of the stock market recorded notable improvement. The stability index rose to 0.39 at end-December 2024 from 0.23 a year earlier.
The improvement was underpinned by a significant reduction in loss-making equities. The proportion of listed shares with negative returns dropped to 12.9% from 33.3% at the end of December 2023, signaling stronger resilience in market performance.
Cedi now sells at GH¢10.65 to $1 on interbank market
SP/MA
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