Ghana ranked joint 6th in 2026 Absa Africa Financial Markets Index
Zambia benefitted from an increase in its outstanding sovereign bonds, while Ghana’s turnover in the fixed income market and corporate trading rose. However, some vulnerabilities remain.
Ghana has been ranked joint 6th in the 2026 Absa Africa Financial Markets Index (AFMI), tied with Botswana at a score of 64. This improvement was primarily driven by significant gains in equities and companies listed on the Ghana Stock Exchange. South Africa retained its top position with a score of 85, while Mauritius, Namibia, Uganda, and Kenya followed in 2nd, 3rd, 4th, and 5th places respectively.
The report highlighted that the macroeconomic environment improved across much of the region, with all 29 AFMI countries recording stronger GDP growth scores. Factors such as declining inflation in 20 countries and reduced external debt as a share of GDP in 20 economies contributed to increased market size, depth, and liquidity.
However, challenges persist, with Zimbabwe, Malawi, and Ethiopia still grappling with debt distress, and liquidity remaining a constraint. The Absa Africa Financial Markets Index, established over a decade ago, assesses financial development in African countries based on measures of market accessibility, openness, and transparency.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
