Market capitalization of listed domestic companies in Ghana
Ghana: Market capitalization of listed domestic companies was 14.4% in 2025. ◆ Volatile
Market capitalization of listed domestic companies in Ghana, 1993–2025
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in % of GDP.
Analysis
The most recent figure for market capitalization of listed domestic companies in Ghana is 14.4%, measured in 2025.
Compared with earlier readings it is up 58.3% on the previous year and up 82.8% over ten years.
Over the whole period, market capitalization of listed domestic companies in Ghana peaked at 34.9% in 1994 and was at its lowest, 2.0%, in 1993.
That places Ghana 80th out of 99 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Market capitalization of listed domestic companies in Ghana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1993 | 2.0% | — |
| 1994 | 34.9% | +1604.9% |
| 1995 | 25.8% | -26.0% |
| 1996 | 23.9% | -7.3% |
| 1997 | 16.4% | -31.5% |
| 1998 | 18.5% | +13.1% |
| 1999 | 11.9% | -35.7% |
| 2000 | 10.0% | -15.8% |
| 2001 | 5.3% | -47.5% |
| 2002 | 5.7% | +7.7% |
| 2003 | 8.4% | +47.7% |
| 2004 | 5.4% | -35.5% |
| 2005 | 5.7% | +5.0% |
| 2006 | 3.6% | -35.9% |
| 2007 | 9.7% | +165.8% |
| 2008 | 9.9% | +2.5% |
| 2009 | 9.3% | -6.1% |
| 2010 | 9.2% | -1.7% |
| 2011 | 7.9% | -14.0% |
| 2019 | 14.6% | +85.1% |
| 2020 | 13.2% | -9.4% |
| 2021 | 13.2% | -0.2% |
| 2022 | 8.7% | -33.7% |
| 2023 | 7.7% | -11.8% |
| 2024 | 9.1% | +18.0% |
| 2025 | 14.4% | +58.3% |
Ghana compared with similar countries
- Ghana's 14.4% is below the median for lower middle income countries, which is 17.2%, 84% of the median. (20 countries reporting)
- Ghana's 14.4% is below the median for Sub-Saharan Africa, which is 20.5%, 70% of the median. (14 countries reporting)
Biggest year-on-year movements
Years where Market capitalization of listed domestic companies in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +1604.9% | 2.0% | 34.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.1% | 2.0% | 34.9% | 7 |
| 2000s | 7.3% | 3.6% | 10.0% | 10 |
| 2010s | 10.5% | 7.9% | 14.6% | 3 |
| 2020s | 11.1% | 7.7% | 14.4% | 6 |
Countries ranked near Ghana
- 77 Romania 16.5% compare
- 78 Uzbekistan 16.1% compare
- 79 Channel Islands 15.3% compare
- 81 Czechia 14.2% compare
- 82 Cote d'Ivoire 11.6% compare
- 83 Cayman Islands 11.4% compare
More financial sector data for Ghana
- Net domestic credit (current LCU), per capita 7,823 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 3.23 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 13.42 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 9.84 million SDR (2023)
- Gold reserves at market value 431.95 million SDR (2023)
- Reserves excluding gold, foreign exchange 3.34 billion SDR (2024)
- Reserves excluding gold 3.43 billion SDR (2024)
- Total reserves (gold at market value) 3.43 billion SDR (2024)
- Total reserves (gold at national valuation) 5.36 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 155.67 SDR per person (2024)
Frequently asked questions
- What is market capitalization of listed domestic companies in Ghana?
- Market capitalization of listed domestic companies in Ghana was 14.4% in 2025, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
- What is the highest market capitalization of listed domestic companies recorded in Ghana?
- The highest recorded value was 34.9% in 1994.
- What is the lowest market capitalization of listed domestic companies recorded in Ghana?
- The lowest recorded value was 2.0% in 1993.
- How does Ghana rank for market capitalization of listed domestic companies?
- Ghana ranks 80th out of 99 countries with data for 2025.
- Is market capitalization of listed domestic companies rising or falling in Ghana?
- Over the last ten years it is up 82.8%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from World Federation of Exchanges database, World Federation of Exchanges (WFE), published as part of Market capitalization of listed domestic companies (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.