By Kofi Ahovi
Economic analyst in the country have predicted slower pace of activities on the Ghanaian bourse for this month compared to the same period last year.
This, according to them who wished to remain anonymous, is due to the political atmosphere which will further extend into the Christmas festivities.
Ghanaians went to the polls on December 7 this year to elect a new president to govern the nation, however no clear cut winner emerged as no candidate was able to secure the 50% plus one vote needed as stipulated in the 1992 constitution, thereby pushing the elections into a run-off which would be held on December 28 this year.
Analysts say investors are a bit skeptical in committing themselves in the activities on the capital market thereby has adopted the ‘wait and see’ attitude. They were quick to add that this did not imply that investors do not believe in the country but rather want to examine the trend “which is normal in investment.” one of them stressed.
“All over the world during any major political elections, trading activities on the stock markets slow down. It even happened recently when the Americans went to the polls about a month ago, but this is no cause for alarm.” the other added.
They were however optimistic that trading on the bourse will bounce back after the Christmas celebrations irrespective of who wins the presidential elections.
Trading activities on the bourse before the elections were dull and same could be said for the beginning of the last week.
Economic analyst in the country have predicted slower pace of activities on the Ghanaian bourse for this month compared to the same period last year.
This, according to them who wished to remain anonymous, is due to the political atmosphere which will further extend into the Christmas festivities.
Ghanaians went to the polls on December 7 this year to elect a new president to govern the nation, however no clear cut winner emerged as no candidate was able to secure the 50% plus one vote needed as stipulated in the 1992 constitution, thereby pushing the elections into a run-off which would be held on December 28 this year.
Analysts say investors are a bit skeptical in committing themselves in the activities on the capital market thereby has adopted the ‘wait and see’ attitude. They were quick to add that this did not imply that investors do not believe in the country but rather want to examine the trend “which is normal in investment.” one of them stressed.
“All over the world during any major political elections, trading activities on the stock markets slow down. It even happened recently when the Americans went to the polls about a month ago, but this is no cause for alarm.” the other added.
They were however optimistic that trading on the bourse will bounce back after the Christmas celebrations irrespective of who wins the presidential elections.
Trading activities on the bourse before the elections were dull and same could be said for the beginning of the last week.
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