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Ghana Stocks May Snap Losing Run With Banks, Oil in Demand Bloomberg 2/10/2021 Moses Mozart Dzawu (Bloomberg) Ghana’s stocks may snap three years of declines in 2021 as an improving economy and a more stable cedi attract foreign investors, according to Ecobank Development Corp., which expects local bank and oil-company shares to be in demand. The benchmark Ghana Stock Exchange Composite Index of 31 shares is set to gain as much as 15% this year, Nene Lomo Nartey, head of trading and sales at EDC, said in a telephone interview from Accra. © Bloomberg Ghana Rebound? “Foreign demand began returning in the last quarter and we think that will be sustained by the government’s commitment to get Covid-19 vaccines, which raises the prospects for economic recovery,” Nartey said. The cedi’s depreciation against the dollar in 2020 was the slowest in 14 years and government and central bank efforts to extend this positive momentum are likely to continue,

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