Ghana Stock Rally Makes Index World's Top Performer Since Start of Iran War - Bloomberg
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Shoppers at the Okaishie outdoor market in Accra, Ghana.
Photographer: Ernest Ankomah/Bloomberg
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By Ray Ndlovu and Emele Onu
March 20, 2026 at 12:06 PM UTC
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A scorching rally by Ghana’s main stock index since the start of the Iran war tops a small cohort of equity markets that have gained amid a wider global selloff.
The Ghana Stock Exchange Composite Index in Accra is up 20% in dollar terms since Feb. 27, even after snapping a record 41-day winning streak on Thursday. The gains reflect a shift in foreign investor sentiment toward the oil-rich country, which as recently as 2022 defaulted on its sovereign debt.