After an impressive 43% return in 2021, the Ghana Stock Exchange (GSE) is on everybody’s watchlist as investors hope for an encore. While it’s unlikely that we will get a similar return this year, stocks are tempting targets in an economy stricken by a fiscal crisis and shrinking investor confidence in sovereign debt.

The performance in the first month of 2022, a 0.81% drop in the composite index and 0.93% drop in the financial stocks index does not give much information about the year’s prospects. But it likely reflects most investors’ wait-and-see approach this early in the year. See how each equity performed below.