I believe one of the best ways to tap into Africa’s high-growth economies without exposing yourself to excessive risk is by investing in a well-managed, local bank. African banks’ operations are generally easy to understand. Their balance sheets are refreshingly free of exotic derivatives. For the most part, they simply take in deposits and make loans. It’s banking at its simplest.
Ghana’s banks have enjoyed a purple patch in recent years due to a combination of rapid economic growth and tight fiscal policy. The government expects to post 9.4% economic growth this year thanks to oil revenues – making it one of the fastest-growing economies in the world.
So, which banks are providing the capital for this remarkable expansion? Here is a roundup of the most prominent ones listed on the Ghana Stock Exchange.
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