A first quarter Financial Report (for the year 2015) by GN Research, a member of Groupe Nduom (GN) companies, has warned that the Ghana Stock Exchange (GSE) risks recording what it describes as “deep negative returns” just like in 2009 should the current economic instability coupled with erratic power supply continue till the end of the year.
According to the Report, the financial equities on the bourse kept the stock market active in the first quarter.
“Ghana’s twin deficits, rising inflation, rapidly depreciating currency, multi-year low growth rate and low levels of foreign exchange reserves has presented major threats to the economy for the past three years and that has also affected the positive prospect for the Ghana Stock Exchange (GSE),” the Report stated.
<<Print>>