Connect with us

Business

Ghana’s Stock Market Set for Another Strong Year in 2025

Published

on

Ghana’s Stock Market Set for Another Strong Year in 2025

Ghana’s stock market, the best-performing in Africa in 2024, is poised to continue its upward trend in 2025. The Ghana Stock Exchange Composite Index (GSE-CI) surged by 56% in local-currency terms last year, marking its strongest performance since 2013. This remarkable growth was driven by a $3 billion International Monetary Fund (IMF) bailout aimed at bolstering economic recovery.

Investor optimism is high as the country prepares for the incoming administration of President John Mahama. Many believe his leadership will further stabilize Ghana’s economy, fostering a favorable investment climate.

Ghana’s stock market success reflects broader positive trends across the region. In Cote d’Ivoire, the BRVM Composite Share Index, which includes companies from the West African Economic and Monetary Union, saw a 29% increase in 2024. This growth was supported by record cocoa prices and the launch of new oil and mining projects.

Nigeria’s stock market also experienced significant gains, rising by 38% in 2024. This growth was fueled by economic reforms under President Bola Tinubu, including currency liberalization and the removal of fuel subsidies. However, these measures have faced opposition from labor unions due to the resultant increase in the cost of living.

As Ghana and other West African markets continue to attract investor interest, the region is set to remain a key focus for growth in 2025.

Advertisement

 

Source:The African Wave

 

Continue Reading
Advertisement
Advertisement
News4 hours ago

DVLA Launches SMS Notification Service to Alert Drivers on License Expiry

Politics1 day ago

STATEMENT BY HON. COMFORT DOYOE CUDJOE, MEMBER OF PARLIAMENT FOR ADA AND DEPUTY MAJORITY WHIP ON THE INTRODUCTION OF THE HPV VACCINE IN GHANA Right Hon Speaker, thank you for the opportunity to make this statement on Cervical Cancer and HPV Vaccination in Ghana. As the Women’s Caucus in the Parliament of Ghana, we stand together in full support of the national introduction of the Human Papillomavirus (HPV) vaccine into Ghana’s routine Immunisation Programme. This milestone marks a bold step towards the protection of girls and women from cervical cancer, one of the leading causes of cancer-related deaths among Ghanaian women. Mr. Speaker, we commend the Government of Ghana, the Ministry of Health, the Ghana Health Service, and all partners for the leadership shown in making this life-saving vaccine accessible to our dear daughters aged 9 to 14 free of charge. The HPV vaccine is not only a health intervention; it is a gender responsive intervention, giving girls the protection they need to live long, healthy lives and contribute fully to society. Mr. Speaker, it is sad to note that every year, we lose over 2,000 women to cervical cancer, not because we lack medicine, but because we lacked awareness, vaccine access, or early screening for prompt action. When a woman is diagnosed with cervical cancer, the impact goes far beyond her body. It affects her children, her household, her livelihood, and the entire community. She may be the caregiver, and breadwinner, and her illness creates a ripple effect that touches everyone around her. The physical toll is often devastating painful treatments, long hospital stays, and, in many cases, late-stage diagnosis. The emotional burden includes fear, stigma, and helplessness. But the economic cost is even heavier. Many families sell property, fall into debt, or lose income, simply to keep their mother, sister, or wife alive. To my dear women and families who have faced or are facing the pain of cervical cancer, we stand with you and hold your hands in strength and compassion. To those who have lost loved ones, please know that their memory lives on in our commitment to ensure others do not walk the same path. To my brave women who are still fighting, your courage inspires us every single day. You are not alone. Cervical cancer is a devastating disease, but it is also preventable. Together, we can protect the next generation of women and girls. We can end the silence, break the stigma, and raise our voices for better access to prevention, care, and hope. No woman should suffer when we can protect her before the danger begins. No girl should die from something we have the power to stop. As mothers, wives, sisters, and leaders, we understand the fears and myths that sometimes surround the introduction of new vaccines. Let us be clear that the HPV vaccine is safe and effective. The HPV vaccine is not entirely new in Ghana, it has long been available at a cost in private health facilities for those who can afford it. Thanks to the Government of Ghana, the vaccine is now being provided free of charge to girls aged 9-4 years through Ghana’s national Immunisation Programme from September this year. We encourage all parents, caregivers, and schools to take full advantage of this opportunity. We call on: Parents and caregivers to ensure their daughters receive the vaccine. Teachers and school heads support health teams during school vaccination sessions. Religious and traditional leaders use their influence to dispel misinformation and promote health-seeking behavior. Media practitioners promote and share accurate information and give voice to survivors and health experts, My fellow Honorable members, especially the men, to advocate in our constituencies for high uptake of the HPV vaccine and champion sustained investment in women’s health and the prevention of cervical cancer. Let us unite around this cause. Let us not wait until we bury another sister, mother, and friend. Let us make cervical cancer a disease of the past by ensuring every girl aged 9-14 years are vaccinated this September. Cervical cancer is preventable. The time to act is now. Protect our girls. Vaccinate. Save lives. I thank you once again, Rt. Hon. Speaker.

Politics1 day ago

Deputy Health Minister urges Ghanaians to embrace Free HPV Vaccine to help fight Cervical Cancer

Trending

Copyright © 2023 NewsupGh.com. Designed & Managed by TCwebs I.T Solutions [+233546232399]