Ghana has moved into the top five ranking in the Absa Africa Financial Market Index report, placing fourth with an overall score of 62 out of the maximum 100 score – a recognition of the positive strides in the development of the Ghanaian market.This is an improvement on last years’ sixth position with a score of 59.
Remarkably, Ghana scored 50 and above in 5 out of the 6 pillars measured. The policies and initiatives that contributed to Ghana’s improved performance include – adoption of and enforceability of standard master agreements, improved access to foreign exchange through forward FX auctions by the Bank of Ghana and market transparency works through daily publication of financial asset prices. Ghana’s weakest link however, is the Capacity of Local Investors where it recorded a score of 21.
The Absa Africa Financial Markets Index is produced annually by the Official Monetary and Financial Institutions Forum (OMFIF) – an independent think tank for central banking, economic policy and public investment through extensive quantitative research and data analysis in association with Absa Group Limited.
The index, now in its fifth year, throws light on Financial Markets across Africa and benefits from continued engagement with policymakers, regulators, market participants and industry experts; providing the latest information about developments in the region
Source: Peacefmonline.com/ghana
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