Ghana Stock Turnover Ratio
Stocks traded, turnover ratio of domestic shares CM.MKT.TRNR
Ghana's stock turnover ratio was 1.08% in 2025, ranked 65th globally. This represents a 4.5% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Ghana's stock turnover ratio stood at 1.08% in 2025, a rise of +0.05pp from 2024. Based on recent trends, this figure is projected to reach 1.08% by 2025. Ghana ranked 65th globally.
Ghana’s stock turnover ratio has fallen sharply over the 26‑year series, slipping from a 1993 level of 3.36 % to just 1.08 % in 2025, which places the country 65th in the global ranking. The indicator reached its all‑time high of 15.18 % in 2004, reflecting a period of rapid inventory movement, but then contracted dramatically, hitting a trough of 0.09 % in 2019 before the modest rebound to the current level. Compared with peers of similar rank, Ghana’s ratio is slightly below Malta’s 1.14 % and above Tanzania’s 0.97 %, suggesting a modestly better turnover than some lower‑ranked economies but still lagging behind the regional leader Rwanda at 1.26 %. The persistent decline points to structural issues in supply‑chain efficiency and demand forecasting. If Ghana implements reforms to improve logistics, digital inventory management and market integration, the downward trajectory could be halted and the ratio may begin to rise in the coming years.
Data & projection
| Year | Stock Turnover Ratio | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 1.40% | - | - |
| 2026* trend | 1.24% | - | - |
| 2025* trend | 1.08% | - | - |
| 2025 | 1.08% | +0.05pp | #65 |
| 2024 | 1.04% | +0.58pp | #13 |
| 2023 | 0.46% | −0.51pp | #6 |
| 2022 | 0.96% | +0.70pp | #12 |
| 2021 | 0.26% | −0.09pp | #4 |
| 2020 | 0.35% | +0.26pp | #6 |
| 2019 | 0.09% | −8.11pp | #1 |
| 2011 | 8.20% | +4.75pp | #26 |
| 2010 | 3.45% | +1.32pp | #12 |
| 2009 | 2.13% | −7.95pp | #8 |
| 2008 | 10.08% | +4.03pp | #17 |
| 2007 | 6.06% | −0.73pp | #13 |
| 2006 | 6.79% | −1.57pp | #21 |
| 2005 | 8.36% | −6.82pp | #22 |
| 2004 | 15.18% | +8.31pp | #28 |
Detected Pattern
Analysis
Ghana matched the Currency Crisis Pattern pattern in 2023. Historically, 27% of countries showing this pattern (35 out of 128) saw stock turnover ratio improve within 24 months. View full analysis →
Frequently Asked Questions
Ghana's stock turnover ratio was 1.08% in 2025. Ranked 65th globally. This represents a 4.5% increase from the previous year.
Ghana's stock turnover ratio peaked at 15.18% in 2004.
The lowest stock turnover ratio in Ghana was 0.09% in 2019.
Ghana ranks 65th globally in stock turnover ratio as of 2025.
The World Bank indicator code is CM.MKT.TRNR. Data sourced from World Bank.
Ghana's stock turnover ratio is projected to reach 1.08% by 2025 based on trend extrapolation.
The stock turnover ratio of Ghana in 2025 was 1.08%. This ranks 65th in the world.
Cite this page
@misc{historysaid_ghana_stock-turnover,
title = {Ghana Stock Turnover Ratio},
url = {https://historysaid.com/ghana/stock-turnover/},
publisher = {HistorySaid},
year = {2026}
}