Stocks are up almost 14% this year and are looking increasingly attractive as returns from fixed income products fall across the board. Nevertheless, the momentum in stock prices seems to have slowed in March as only five equities had a positive return and those were quite weak returns. A new company, Pesewa One PLC, listed on the Ghana Alternative Exchange (GAX) in March for GH¢0.60 per share but it is not included in my list as there has been no change in price. It will however start to make an appearance from April’s update.
See how stocks performed for the month below.
| Equity | Share Price (GH¢) | March Performance | YTD |
| MTN Ghana Ltd | 0.85 | 4% | 33% |
| Societe Generale Ghana Limited | 0.75 | 3% | 17% |
| Total Petroleum Ghana Ltd | 3.15 | 2% | 11% |
| Enterprise Group Limited | 1.44 | 1% | 3% |
| Fan Milk Limited | 1.09 | 1% | 1% |
| AngloGold Ashanti Limited | 0.41 | 0% | 0% |
| Access Bank Ghana | 4.3 | 0% | -2% |
| Agricultural Development Bank | 5.06 | 0% | 0% |
| AngloGold Ashanti Limited | 37 | 0% | 0% |
| Aluworks LTD | 0.1 | 0% | -9% |
| Benso Oil Palm Plantation Ltd | 2 | 0% | 0% |
| Clydestone (Ghana) Limited | 0.03 | 0% | 0% |
| Camelot Ghana Ltd | 0.11 | 0% | 0% |
| Cocoa Processing Company | 0.03 | 0% | 0% |
| DASPHARMA | 0.4 | 0% | 0% |
| Digicut | 0.09 | 0% | 0% |
| Ecobank Ghana Ltd | 7.2 | 0% | 0% |
| Ghana Commercial Bank Limited | 4.5 | 0% | 11% |
| Guinness Ghana Breweries Ltd. | 0.9 | 0% | 0% |
| NewGold Issuer Limited | 100.6 | 0% | -5% |
| Ghana Oil Company Limited | 1.51 | 0% | 1% |
| Golden Star Resources Ltd. | 9.5 | 0% | 0% |
| HORDS LTD | 0.1 | 0% | 0% |
| Intravenous Infusions (IIL) | 0.05 | 0% | 0% |
| Mega African Capital Limited | 5.98 | 0% | 0% |
| Mechanical Lloyd Company Ltd | 0.09 | 0% | 0% |
| Meridian-Marshalls Holdings | 0.11 | 0% | 0% |
| Produce Buying Company Ltd. | 0.03 | 0% | 0% |
| Republic Bank | 0.45 | 0% | 10% |
| Samba Foods Ltd | 0.55 | 0% | 0% |
| Standard Chartered Bank Ghana Ltd. | 18.15 | 0% | 11% |
| Standard Chartered Bank Ghana Ltd – Preference Shares | 0.87 | 0% | 0% |
| SIC Insurance Company Limited | 0.08 | 0% | 0% |
| Sam Wood Ltd. | 0.05 | 0% | 0% |
| Trust Bank Limited (THE GAMBIA) | 0.34 | 0% | 0% |
| Tullow Oil Plc | 11.92 | 0% | 0% |
| Ecobank Transnational Incorporation | 0.07 | -13% | -13% |
| Unilever Ghana Limited | 6.06 | -19% | -27% |
| CAL Bank Limited | 0.64 | -20% | -7% |