Show me the number
Six questions with an answer, and the document behind each one
Investing
Funds, Treasury bills, listed shares and gold — what each costs and what it returned
Investing and borrowing in Ghana, the opportunities
What Ghanaian funds, Treasury bills, listed shares and gold have actually returned, and what business credit really costs once fees are counted. Every figure taken from documents providers publish themselves — dated, sourced, and kept.
Best return we track
+149.9%
GSE index, Feb 2025 – Sep 2026
Cheapest business credit
7.62%
APR, Corporate 1-year, Absa Bank Ghana, May 2026
Compare by kind
Cedi fixed income funds
11 funds · from 1.75%
Cedi money market funds
8 funds · from 2.00%
Cedi balanced funds
7 funds · from 1.75%
Gold
4 products · from 0.30%
Government Treasury bills
4 products
Property funds
1 fund
The market now
What the numbers show
7.75%
what the smallest gold coin costs above the metal in it — more than twice the full ounce
+149.9%
the Ghana Stock Exchange index, Feb 2025 to Sep 2026 — on trading volume up 347%
9.72pt
gap between what one bank advertises and what its loan actually costs
Where these figures come from
Bank of Ghana’s tender results and daily circulars, the Ghana Stock Exchange’s monthly reports, the SEC’s registers, and fund managers’ own factsheets. Nothing here is estimated, and where a provider publishes nothing, the page says so rather than filling the gap.
Know when the numbers change
When the numbers move, what moved and where it came from. Treasury bill rates, bank lending costs, fund charges, inflation, and who is on the regulators’ registers — taken from Bank of Ghana, the Ghana Stock Exchange, the Statistical Service and the Securities and Exchange Commission as they publish. No schedule, because the institutions do not keep one either.
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Questions people ask
What is the minimum to start investing in Ghana?
GH₵20 opens the cheapest money market fund we can verify, Stanbic Cash Trust. Most Ghanaian funds ask around GH₵100. One unit of the NewGold ETF is about GH₵462, and the cheapest Ghana Gold Coin is GH₵13,257 — roughly 660 times the fund minimum. A listed share can cost as little as 10 pesewas, but no broker publishes a minimum trade size, so whether a very small purchase is accepted is not something anyone can tell you in advance.
What do Ghanaian mutual funds charge?
As of September 2026, of the funds that publish enough for us to verify, annual charges run from 1.75% to 2.25%. First Atlantic Income Fund is the cheapest at 1.75%; Stanbic Cash Trust and Stanbic Income Fund Trust are 2.25%. Most Ghanaian funds publish too little to compare and are listed with the fields blank, because we do not publish figures we cannot source.
What does a Ghanaian stockbroker charge to buy shares?
Between 1.5% and 2.5% of the amount, each time you buy and each time you sell. The Ghana Stock Exchange's Trading Rules (Rule 66) let a broker charge a commission of 0.80% to 1.80%, negotiated with you, plus 0.70% in exchange, regulator and depository levies. Buying and later selling therefore costs 3% to 5% before any gain, which suits money you can leave invested for years. Ask a broker where in the range you will pay before opening an account; the exact figure is on your contract note, which must reach you within a day of the trade.
What are Treasury bill rates in Ghana?
As at August 2026, the 91-day bill paid 5.08%, the 182-day 7.08% and the 364-day 11.59%. These have fallen a long way — the 91-day paid over 20% in early 2025. Any article quoting Ghanaian Treasury bill returns should be checked against the date it was written.
What do business loans cost in Ghana?
For a one-year SME loan reported to Bank of Ghana in May 2026, the cheapest of 22 banks was Standard Chartered at 11.03% APR and the dearest Guaranty Trust at 33.58% — 22.5 percentage points apart. The APR includes fees; the interest rate a bank advertises does not. One bank advertises a minimum of 13.70% and reports a maximum of 23.42%.
Can I invest in Ghana from abroad?
Yes, with several providers. IC Securities opens accounts online with a passport and a GH¢1 minimum; Databank accepts foreign nationals; SBG Securities and EDC Stockbrokers explain how non-residents apply, and EDC asks for documents notarised abroad. Absa, Zenith, Fidelity and GCB each offer accounts for Ghanaians abroad, on different terms. Our investing-from-abroad page sets out what each states. For most diaspora investors, the exchange rate moves the outcome more than the choice of fund does.
Figures as at August 2026 unless stated. Every one is taken from a document its issuer published, and dated on the page it appears on.
Borrowing
What Ghanaian banks charge for business, personal and corporate credit
The same loan costs 11% at one bank and 34% at another
Bank of Ghana requires every bank to report what its lending actually costs, fees included. We publish those figures for 23 banks, from the May 2026 return. On a one-year SME loan the cheapest and the dearest are 22.5 percentage points apart — about GH₵22,550 a year on GH₵100,000.
Cheapest
11.03%
Standard Chartered Bank (Ghana)
Dearest
33.58%
Guaranty Trust Bank (Ghana)
Compare by kind and term
Where the lending figures come from
Bank of Ghana’s Annual Percentage Rates and Average Interest Rates returns, which every bank is required to file. They show what a loan costs once fees are counted — not the interest rate on the poster. Most banks do not publish a lending rate on their own website.
Why the figures here can be checked
Ghanaian institutions publish and then remove. Bank of Ghana takes down last month’s lending return. Fund managers replace a factsheet rather than versioning it. So the question a saver or a borrower actually has — has this got better or worse — usually cannot be answered at all.