Best stocks to buy in Ghana- The Ghana Stock Exchange (GSE) is the best performing stock market on the African continent in the first half of the year.
Many of the industries with the highest growth potential in Ghana over the next ten years are in the services sector. For example, oil and agriculture will have segments with very rapid growth.
Ghana has long been known as the world’s largest producer of cocoa and a major exporter of gold. The International Monetary Fund (IMF) estimates that the country’s GDP growth for 2019 will reach 8.8% largely because of its oil exports.
Ghana as one of the fastest-growing economies in the world has some fascinating stocks and it’s a great prospect for anyone who wish to know the best stocks to buy in Ghana toward investing and trading.
Best Stocks To Buy In Ghana.
Are you hoping to invest in Ghana, we have shares the best stocks to buy in Ghana below.
1. Webull Financial LLC.
Webull Financial LLC is a broker dealer registered with the Securities and Exchange Commission (SEC).
Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).
Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
The clearing firm Apex Clearing Corp has purchased an additional insurance policy.
The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash.
Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
Cryptocurrency trading is offered through an account with Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading.
All investments involve risks and is not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment.
The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market.
There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. Official Website – https://www.webull.com/
2. FirstBanC Group
FirstBanC Financial Services Limited (FirstBanc) is an integrated investment banking and financial advisory firm. FirstBanC is licensed by the Securities and Exchange Commission and the National Pensions Regulatory Authority as Pension Fund Manager.
FirstBanC aims to be Ghana’s top investment banking firm and it consists of an integrated financial advisory and investment banking company. Official Website – https://www.firstbancgroup.com/
The firm is duly regulated by Ghana’s SEC and the National Pensions Regulatory Authority as a pension fund manager.
FirstBanC’s partners also include some of the region’s largest banks. These include the United Bank of Africa, Stanbic Bank, Guaranty Trust Bank PLC and Bank of Africa Ghana.
FirstBanC also offers mutual funds and customized fund management for both individuals and institutions, in addition to brokerage services on the GSE. The 3 mutual funds offered by FirstBanC include:
- First fund: A money market mutual fund with a short term investment horizon geared for regular income, stable growth, liquidity and diversification. The fund is invested in high-yielding money market securities.
- Heritage fund: This mutual fund is divided into a 70% asset allocation of equity holdings and a 30% share allocated to fixed income, cash and equivalents. This fund fits investors with a long-term investment horizon.
- Customized fund management: In this type of investment fund, you’ll be assigned a personal fund manager and have access to 3 main products: the First Institutional Account, a Private Wealth Account and a FirstPlus Account. These accounts have different investment plans and their suitability will depend on your specific investment objectives.
3. SDC Group
SDC Group’s 2 branches, SDC Finance Ltd. and SDC Capital Ltd., each offer a wide range of investment solutions in addition to brokerage services for GSE listed securities.
SDC originally started as SDC Securities Discount Co. Ltd. and SDC Brokerage Services Ltd., but it now also operates as a Finance House and Leasing Company licensed by the Bank of Ghana.
SDC Capital Limited (SDCC) is licensed and regulated by the Securities and Exchange Commission (SEC) as an Investment Advisor/Fund Manager and as a Pension Fund Manager by National Pensions Regulatory Authority (NPRA).
SDCC is a wholly – owned subsidiary of SDC Finance Limited. Our parent company SDC Finance is in turn owned by the following shareholders:
- Trans Africa Holdings Limited – TAH
- Five(5) Local Banks namely: Ecobank Ghana Limited; Cal Bank; GCB Bank; ADB and NIB
- Individual Investors
The services are personalized for our clients seeking growth. Their point of differentiation lies in our commitment to an on-going client-adviser relationship and delivery of tailor-made financial solutions that are unique in the Ghanaian financial services sector.
The market leadership in investment banking is defined by a combination of determination and commitment to create value for all clients. Official Website – https://sdccapital.com.gh/.
4. IC Securities Ghana
IC Securities is one of the best stocks to buy in Ghana and it provide a broad range of investment banking services to a diverse group of sovereigns, institutions and corporations.
IC Securities has advised on and arranged a number of large private and public market transactions in several asset classes.
The brokerage firm has offices in the major African financial centers and offers various financial services to individuals and financial institutions.
IC Securities also acts as an underwriter of new issues and as a dealer in Ghana’s government bonds.
IC Securities’ services include advisory, mergers and acquisitions, debt and equity capital markets and investment banking. The firm also provides institutional equities and fixed income services for corporate clients.
IC Securities execute securities trades and make markets in fixed income, equity and currency products, across African markets, on behalf of institutional clients such as investment funds, financial institutions and corporations.
IC Securities provide investment management services to pension funds, institutions, corporations and investment funds.
They help individuals accumulate, preserve and manage wealth so they can pursue their financial goals. Official Website – https://www.ic.africa/
5. Securities Depository (CSD)
The establishment of the Securities Depository (CSD) as one of best stocks to buy in Ghana is a vision embodied Ghana’s Financial Sector Strategic Plan (FINSSP) to attract Investments into the Ghanaian economy.
- Under the CSD system, there is total elimination of risk such as the loss, mutilation and theft of certificates associated with holding and trading of paper-based securities of investors.
- The CSD system ensures Delivery vs. Payment (DVP) where securities and funds are settled simultaneously. The CSD system has indeed brought a significant reduction in the errors and delays associated with paper-based manual processing and as a result brought efficiency in the clearing and settlement in the securities market. This increases market liquidity (increased activity in buying and selling of securities) because of faster transfers and registration.
- Investors can use their securities accounts in the same way as paper certificates as collateral for loans. It, however, saves investors the tedious procedure involved with pledging of paper share certificate for loans.
- The capability of investors to easily track their investments because quarterly statements will be sent to shareholders indicating the total number of shares on the stock exchange or the total face value of debt securities they own. Holders of securities can in addition request for statements at any time for a token fee.
- This brings afore the primary objective of the CSD, which is to reduce risk and improve efficiency.
There exists a signed agreement between the CSD and its participants for the maintenance of strict confidentiality of information and also to operate within the confines of the rules and regulations of the CSD.
The CSD records are maintained in electronic format and therefore cannot be stolen or it getting lost; with an update being done concurrently as and when transactions are carried out. Official Website – https://www.csd.com.gh/
