Tuesday, January 22, 2019 UTC

AGF Magazine - November issue

  • We would like to congratulate all the winners of the third annual AGF Awards
  • In celebration, we are making our November issue absolutely free
  • Please complete the form below to receive the link
Analysis > Markets

Ghana: not a slam dunk, but worth a look

Cornelis Vlooswijk, Portfolio Manager, Emerging Markets, Robeco
Oct. 4, 2017, 9:03 p.m.
665

Word count: 1085

Most Africa and frontier funds have a very limited part of their portfolio invested in Ghana and for emerging markets funds Ghana is apparently a no-go area. This is understandable as no or very few Ghana-listed stocks meet the minimum liquidity thresholds of these funds. And with hindsight ignoring Ghana has worked well for frontier investors, especially in the 2014-2016 period. In 2017, Ghana has performed very well boosted by optimism regarding the new president and a normalization of interest rates. We believe it can run further as lower interest rates make equities more attractive for local investors. In the long run there could also be a rerating when more international investors buy into Ghana, but it is difficult to predict when that would happen.

Receive ONE magazine and TWO locked articles of your choice for FREE when you register an account
Share:
Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration