Materials
Historically underweight on the GSE. Ghana's mining giants (AngloGold Ashanti, Gold Fields) are primarily listed abroad; gold exports flow into national accounts rather than listed equity.
Market cap
GH₵18.24B
19.4% of listed market
Average 1y return
—
equal-weighted across 2 names
Average dividend yield
—
trailing, equal-weighted
Liquidity
1.0/10
average grade
Industries within materials
Other
2 names- AGAAngloGold AshantiGH₵37.000.00%
- ASGAsante GoldGH₵8.870.00%
All 2 listed names in materials
What to watch
LBMA gold price, USD/GHS (miners earn USD, report GHS), BoG domestic-gold-purchase programme volumes.
Policy-maker & analyst lens
Gold sits on the balance sheets of the Bank of Ghana (via the domestic gold-for-reserves programme) and the Ministry of Finance (via royalties and taxes). When gold is strong, reserves build and the cedi stabilises — even if the listed market shows little of the benefit directly.
Sector analysis is editorial and data is end-of-day. Not investment advice. See all sectors · macro dashboard · global economic context.