Stock market turnover ratio (%) in Ghana
Ghana: Stock market turnover ratio (%) was 0.4% in 2020. ◆ Volatile
Stock market turnover ratio in Ghana, 1993–2020
Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.
Analysis
In 2020, stock market turnover ratio in Ghana stood at 0.4%. That is the lowest value across all 20 years on record.
The figure is down 89.8% over ten years.
Over the whole period, stock market turnover ratio in Ghana peaked at 15.2% in 2004 and was at its lowest, 0.4%, in 2020.
Ghana ranks 84th of 90 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Stock market turnover ratio (%) in Ghana, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 3.4% | — |
| 1994 | 3.6% | +8.2% |
| 1995 | 1.1% | -68.9% |
| 1996 | 1.0% | -13.8% |
| 1997 | 3.7% | +275.6% |
| 1998 | 4.1% | +12.9% |
| 1999 | 2.2% | -47.6% |
| 2000 | 1.4% | -35.6% |
| 2001 | 4.5% | +220.7% |
| 2002 | 2.9% | -36.0% |
| 2003 | 6.9% | +140.6% |
| 2004 | 15.2% | +120.9% |
| 2005 | 8.4% | -44.9% |
| 2006 | 6.8% | -18.8% |
| 2007 | 6.1% | -10.8% |
| 2008 | 10.1% | +66.5% |
| 2009 | 2.1% | -78.8% |
| 2010 | 3.5% | +61.8% |
| 2011 | 8.2% | +137.5% |
| 2020 | 0.4% | -95.7% |
Ghana compared with similar countries
- Ghana's 0.4% is below the median for lower middle income countries, which is 3.9%, 9% of the median. (18 countries reporting)
- Ghana's 0.4% is below the median for Sub-Saharan Africa, which is 2.3%, 15% of the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.7% | 1.0% | 4.1% | 7 |
| 2000s | 6.4% | 1.4% | 15.2% | 10 |
| 2010s | 5.8% | 3.5% | 8.2% | 2 |
| 2020s | 0.4% | 0.4% | 0.4% | 1 |
Countries ranked near Ghana
More financial sector data for Ghana
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.61 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.61 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is stock market turnover ratio in Ghana?
- Stock market turnover ratio in Ghana was 0.4% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
- What is the highest stock market turnover ratio recorded in Ghana?
- The highest recorded value was 15.2% in 2004.
- What is the lowest stock market turnover ratio recorded in Ghana?
- The lowest recorded value was 0.4% in 2020.
- How does Ghana rank for stock market turnover ratio?
- Ghana ranks 84th out of 90 countries with data for 2020.
- Is stock market turnover ratio rising or falling in Ghana?
- Over the last ten years it is down 89.8%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market turnover ratio (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Ratio of the value of total shares traded to average real market capitalization, the denominator is deflated using the following method: Tt/P_at/{(0.5)*[Mt/P_et + Mt-1/P_et-1] where T is total value traded, M is stock market capitalization, P_e is end-of period CPI. (IFS line 64M..ZF or, if not available, 64Q..ZF) and annual CPI (IFS line 64..ZF) are from the IMF’s International Financial Statistics.