Tag - Cash-Rich Pension Funds in Ghana Drive World-Beating Stock Gains

Cash-Rich Pension Funds in Ghana Drive World-Beating Stock Gains

A flood of money from private pension funds has driven a 33 percent surge in Ghana’s benchmark stock index this year, giving the West African country the world’s best-performing equities.  The government in December transferred 3.1 billion cedis ($690 million) to the funds, money the state had held since 2012 while...

Read more...