GhanaMacroeconomic Viewsportfolio insightsStrategy

23 January 2026

2026 INVESTMENT OUTLOOK

In brief

  • Returns in 2026 are expected to be harder-earned, with wider dispersion and outcomes driven more by judgement than momentum.

 

  • Global market leadership has broadened, restoring diversification as a core risk-management tool rather than a performance drag.

 

  • Elevated valuations require greater restraint, shifting the investment focus toward capital preservation, income, and selective risk-taking.

 

  • Ghana enters 2026 on firmer macroeconomic footing, but returns are likely to be more uneven as stabilisation gains become fully priced.

 

  • Lower interest rates are reshaping domestic markets, rewarding carry, credit selection, earnings durability, and balance sheet strength.

 

  • Investment success in 2026 will depend on disciplined portfolio construction, differentiation, and a focus on sustainable long-term compounding.

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