• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana Stock Market Could Remain Subdued in the Final Week of August- Analyst

M.Cby M.C
August 28, 2023
Reading Time: 3 mins read
M.Cby M.C
in One Top Story, Securities/Markets
0
BoG’s $1.15 Billion Forex Injection Sparks Cedi Rebound: A Vote of Confidence or Temporary Relief? Analyst Weighs In

Gifty Annor-Sika Asantewah, Financial Market Expert and President of Women in Forex Ghana

As the Ghana Stock Exchange (GSE) heads for the final lap of the month of August, Ms Gifty Annor-Sika, a financial market expert and the President of Women in Forex Ghana has predicted that the stock market could remain subdued in the final week of the month of August.

According to the analyst in an interview with the Vaultz News, even though the Ghana Stock Exchange began the month of August in high spirits, last week was not particularly a great week for the local bourse because of the very headwinds facing the economy. She thus, indicated that the performance of the local bourse this week could exhibit a subdued trait last week.

“The Ghana stock market has exhibited a subdued tone over last week, characterized by a decreasing threshold with a negative slope and a minor consolidation. This muted trend is expected to continue in the final week of August due to both global and domestic factors.”

Ms Gifty Annor-Sika

The analyst explained that the aged currency market’s volatility driven by economic slowdown is a prominent concern to foreign investors on the local bourse. Ms Annor-Sika averred that the persistence of hawkish monetary policy and a risk of more rate hikes are significantly influencing the market sentiment. She noted that interest rates on the short end of the market is making investment in the stock market looks unattractive.

RelatedPosts

Government’s Bond Payments Drive Domestic Debt Surge — Now GH¢323.7bn and Counting

GSE Tumbles as Benchmark Index Sheds Over 20 Points in Midweek Shake-Up

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

“The impact of rate hikes on the GSE is compounded by elevated inflation and economic deceleration, leading to a reduction in capital expenditure. This eventually is expected to increase consumer prices, leading to an elongated high interest rate cycle. Consequently, there has been an escalation in bond yields, casting a shadow on equity market.

“Investors are displaying caution as bonds and Treasury bills yields gain traction, emerging as appealing high-return investments. Broadly speaking, elevated inflation and interest rates influence both corporate earnings growth and valuation. Invariably, high interest rate for a long time will have an impact on valuation and the stock market.”

Ms Gifty Annor-Sika

Corrections Expected to Be Brief

The analyst noted that though total return will be subdued, if there will be any correction, it is expected to be brief. However, Ms Annor-Sika warned that the subdued performance may persist in the long term due to sturdy growth in domestic corporate earnings and a comparatively milder impact from the global economic slowdown. She noted that corporates are cashing from the phenomenon of disruptive global economy and downswing in domestic operations.

On the outlook, the analyst noted that though the stock market’s stirring growth this year has been driven by the demand for non-financial stocks, she expects the trend to continue, although she highlighted that there may be some blips of profit-taking as investors attempt to secure their gains.

Meanwhile, the GSE recorded a subdued performance last week, with the GSE-Composite Index recordimg a paltry 0.25% while the GSE-Financial Stocks Index similarly rose by a marginally 1.06% over the week, bringing their respective year-to-date performances to 25.59% and -17.40%.

ADVERTISEMENT

The uninspiring performance was highlighted when a total of only 770,483 shares with a corresponding turnover of GH¢3,479,581.70 were traded during the week, representing a 99.08% and 96.80% slump in volume and value traded from the previous week.

There were GH¢0.02, GH¢0.05, GH¢0.18 and GH¢0.42 declines recorded for Cal Bank, GOIL, Access Bank and Ecobank Ghana (EGH) respectively with their respective prices ending the week at GH¢0.62, GH¢1.60, GH¢2.82, and GH¢3.32.

With the companies coming out with mid-year financial statements, it is expected that investors will maintain a favourable posture toward reliable, high dividend-paying and defensive stocks like Benso Oil, MTN and TotalEnergies, which offer steady earnings and returns even during economic downturns.

READ ALSO: Prigozhin’s Demise Shows That Putin Brooks No Challenge To His Authority

Tags: AugustEcobank GhanaGhana Stock Exchange (GSE)Ghana Stock Market Could Remain Subdued
Please login to join discussion
Previous Post

Mzbel Clears The Air On Her Current Relationship With Her Close Friend Tornado

Next Post

London Mayor Comes Hard On Downing Street Over Its Stance On ULEZ Policy

Subscription Form

Related Posts

Government’s Bond Payments Drive Domestic Debt Surge — Now GH¢323.7bn and Counting
Economy

Government’s Bond Payments Drive Domestic Debt Surge — Now GH¢323.7bn and Counting

October 23, 2025
GSE Tumbles as Benchmark Index Sheds Over 20 Points in Midweek Shake-Up
Securities/Markets

GSE Tumbles as Benchmark Index Sheds Over 20 Points in Midweek Shake-Up

October 23, 2025
Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn
Economy

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

October 22, 2025
Yields Climb as Treasury Struggles to Hit Targets in Latest Auction
Securities/Markets

Yields Climb as Treasury Struggles to Hit Targets in Latest Auction

October 22, 2025
Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism
Economy

Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism

October 21, 2025
GSE Trading Volume Crashes 90% in a Quiet Session
Securities/Markets

GSE Trading Volume Crashes 90% in a Quiet Session

October 21, 2025
Inflation Pressure Returns: Producer Inflation Creeps to 3.2% as Businesses Battle Rising Input Costs
Economy

Inflation Pressure Returns: Producer Inflation Creeps to 3.2% as Businesses Battle Rising Input Costs

by M.COctober 23, 2025
Accra Mayor Warns Traders Against Paying Unauthorised Fees
General News

Accra Mayor Warns Traders Against Paying Unauthorised Fees

by Silas Kafui AssemOctober 23, 2025
Former Vice President Dr. Mahamudu Bawumia
General News

63 Plus 2 NPP MPs Declare Support for Bawumia’s 2026 Flagbearership Bid

by evansjrOctober 23, 2025
Restoring Water Bodies Remains Priority – Lands Minister
Extractives/Energy

Restoring Water Bodies Remains Priority – Lands Minister

by Bless Banir YarayeOctober 23, 2025
Nana Konadu Agyemang-Rawlings: Trailblazer in Women’s Emancipation — Political Analyst
General News

Nana Konadu Agyemang-Rawlings: Trailblazer in Women’s Emancipation — Political Analyst

by Emmanuel Tibila BoasahOctober 23, 2025
Energy Minister, GECA Collaborate
Extractives/Energy

Energy Minister Engages Electrical Contractors on Safety and Regulatory Reform 

by Prince AgyapongOctober 23, 2025
Inflation Pressure Returns: Producer Inflation Creeps to 3.2% as Businesses Battle Rising Input Costs
Accra Mayor Warns Traders Against Paying Unauthorised Fees
Former Vice President Dr. Mahamudu Bawumia
Restoring Water Bodies Remains Priority – Lands Minister
Nana Konadu Agyemang-Rawlings: Trailblazer in Women’s Emancipation — Political Analyst
Energy Minister, GECA Collaborate

Recent News

Inflation Pressure Returns: Producer Inflation Creeps to 3.2% as Businesses Battle Rising Input Costs

Inflation Pressure Returns: Producer Inflation Creeps to 3.2% as Businesses Battle Rising Input Costs

October 23, 2025
Accra Mayor Warns Traders Against Paying Unauthorised Fees

Accra Mayor Warns Traders Against Paying Unauthorised Fees

October 23, 2025
Former Vice President Dr. Mahamudu Bawumia

63 Plus 2 NPP MPs Declare Support for Bawumia’s 2026 Flagbearership Bid

October 23, 2025
Restoring Water Bodies Remains Priority – Lands Minister

Restoring Water Bodies Remains Priority – Lands Minister

October 23, 2025
Nana Konadu Agyemang-Rawlings: Trailblazer in Women’s Emancipation — Political Analyst

Nana Konadu Agyemang-Rawlings: Trailblazer in Women’s Emancipation — Political Analyst

October 23, 2025
Energy Minister, GECA Collaborate

Energy Minister Engages Electrical Contractors on Safety and Regulatory Reform 

October 23, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address