Levar Hewlett, founder and CEO of Arrancar Investments, gives us a few pointers on how to invest in Ghanaian t-bills, notes, and bonds.
Ghana investors will probably pinch themselves after reviewing their portfolios’ 2013 performance.
In spite of a breathtaking 19% drop in the value of the local currency, the market still surged almost 45% in US dollar terms, ranking it among the world’s best.
Which companies notched the most impressive performances? Let’s take a look-see.
What’s gotten into the Ghana Stock Exchange?
The MSCI Ghana Index has soared of late. It’s now 37% higher than it was at the beginning of the year. Think about that. That’s 37% in just over two months!
Let’s see what’s behind the rally and which stocks have done the most to drive the market higher. The following is a countdown of the top seven performing Ghanaian stocks and their US Dollar-adjusted gains.
Last week we crunched the numbers of some Nigerian banks, analyzing their profitability, growth, risk, and value to separate the gems from the junk. I hope you got as much of a kick out of the exercise as I did, because we’re going to do the same thing again today. Only this time, we’ll be […]
Much has been made of Africa’s rapid economic growth. And it truly is remarkable. The IMF projects that seven African economies will grow faster than 8% this year, and six of the top ten fastest-growers economies in the world will come from the continent.
Unfortunately, investing solely on the basis of growth forecasts often ends in disappointment. Rapid economic growth doesn’t necessarily translate into awesome stock market returns.
To get a true sense of where investment opportunity lies, we need to combine growth’s yang with the yin of value.