Ghana Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Ghana's market capitalization was 6.36% in 2025, ranked 71st globally. This represents a 30.9% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Ghana's market capitalization stood at 6.36% in 2025, a decline of +2.84% from 2024. Based on recent trends, this figure is projected to reach 6.36% by 2025. Ghana ranked 71st globally.
Ghana's market capitalization, as measured by the World Bank, has exhibited significant fluctuations over the 26-year period from 1993 to 2025. After a meager 2.05 billion in 1993, the value surged to an all-time peak of 34.87 billion in 1994, establishing itself as a high-growth economy in the region. However, the market capitalization then declined, and by 2025, it had fallen to 6.36 billion, ranking 71 globally. This decline is more pronounced when compared to its peer countries, such as Belarus, which boasts a higher market capitalization of 6.40 billion in 2025. The recent stagnation in Ghana's market capitalization suggests that the country's economic growth may be plateauing. A significant improvement in investor confidence, driven by favorable business regulations and a stable macroeconomic environment, would be necessary to alter the trajectory of Ghana's market capitalization and propel it towards a more robust economic growth path.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.67% | - | - |
| 2026* trend | 5.01% | - | - |
| 2025* trend | 6.36% | - | - |
| 2025 | 6.36% | −2.84% | #71 |
| 2024 | 9.20% | +1.49% | #64 |
| 2023 | 7.71% | −1.04% | #65 |
| 2022 | 8.74% | −4.44% | #67 |
| 2021 | 13.19% | −0.02% | #63 |
| 2020 | 13.21% | −1.37% | #64 |
| 2019 | 14.58% | +6.70% | #65 |
| 2011 | 7.88% | −1.28% | #76 |
| 2010 | 9.15% | −0.16% | #74 |
| 2009 | 9.32% | −0.60% | #69 |
| 2008 | 9.92% | +0.25% | #70 |
| 2007 | 9.67% | +6.03% | #69 |
| 2006 | 3.64% | −2.04% | #73 |
| 2005 | 5.68% | +0.27% | #68 |
| 2004 | 5.40% | −2.98% | #68 |
Detected Pattern
Analysis
Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Ghana's market capitalization was 6.36% in 2025. Ranked 71st globally. This represents a 30.9% decrease from the previous year.
Ghana's market capitalization peaked at 34.87% in 1994.
The lowest market capitalization in Ghana was 2.05% in 1993.
Ghana ranks 71st globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Ghana's market capitalization is projected to reach 6.36% by 2025 based on trend extrapolation.
The market capitalization of Ghana in 2025 was 6.36%. This ranks 71st in the world.
Cite this page
@misc{historysaid_ghana_market-capitalization,
title = {Ghana Market Capitalization},
url = {https://historysaid.com/ghana/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}