I have received so many questions on how one can buy and trade stocks in Ghana. In this write up I have shared some simple tips on how you can buy and/or trade stocks in Ghana.

Nonetheless, to make sound investment decisions, you will need to understand that investing is expending money, time or assets with the expectation of achieving a profit. As in life, achieving a profit from investing is never for sure; so investors beware. Have a plan, do your research and don’t risk more than you can afford to lose.

How To Buy/Trade Stocks on Ghana Stock Exchange

1. Choose a Dealer

Dealers are the licenced intermediaries who are authorised to trade financial assets on the Ghana Stock Exchange. Some licensed brokers among the many includes; (to choose a dealer, you have got to do your research on them first).
Cal Brokers Limited, CDH Securities Ltd, Databank Brokerage Limited, EDC Stockbrokers Limited, First Atlantic Brokers Ltd, HFC Brokerage Services Limited, UMB Stockbrokers Limited (UMBSL), New World Securities, NTHC Securities Limited, Prudential Securities Ltd, SIC Brokerage Limited

2. Open a Trading Account with the Dealer

The only requirement is to be of legal age of 18+ and have a residence in Ghana. The Dealer will provide you with access to their investment platforms, allowing you to send purchase and sale orders to the Ghana Stock Exchange’s central system.

3. Asset Allocation — Select the asset in which to invest

The investor has to decide whether to invest in shares, sovereign bonds or corporate bonds.

4. After making a decision, send a Buy order via the Dealer

Submitting a purchase order for a financial asset. It is possible to set a limit price or a market price of the selected asset.

5. The transaction is completed if the buy and sell prices match

When the bidding price of an asset coincides with the asking price, the trade is executed. The Dealer makes the transaction payment at the Stock Exchange in your name, and they deliver the transaction amount to the buyer/seller Dealer. You become the legal owner of the asset.

6. The Dealer issues the transaction notification and charges their fees

There is no fixed fee, which means that when choosing a Dealer to invest in the Ghana Stock Exchange, it is crucial to choose one that can better adapt to the investor’s situation.