Ghana's Stock Rally Lifts It to World's Top Performer Amid Policy Uncertainty

Ghana's stock market has surged 20% recently, propelling the country to the top global performer since the war, as the Bank of Ghana's unexpected policy shift stokes speculation. The central bank delayed announcing its monetary decision after initially advancing the policy committee meeting.

• Ghana’s stock market has rallied 20% since the war
• The Bank of Ghana advanced its monetary policy committee meeting, then delayed announcing decisions
• No policy decision will be released until after the regular meeting at the end of July
• GHS=X, AFR=X, and EGX30.L are key financial indicators affected by the developments
• The rally makes Ghana the world’s top-performing market since the war
• Policy uncertainty has created volatility in frontier markets and commodity-linked equities