Ghanaian Undiscovered Gems With Strong Fundamentals

Republic Bank (Ghana)

Market Cap: GH₵4.8b

Provides investment banking, corporate banking, retail banking, mortgage banking, asset management, and property management and development services in Ghana.

First Atlantic Bank

Market Cap: GH₵2.8b

A commercial bank, provides retail, corporate, and institutional banking services in Ghana.

CalBank

Market Cap: GH₵3.8b

Provides various banking products and services in Ghana.

Ecobank Ghana

Market Cap: GH₵15.8b

Provides retail banking, corporate and investment banking, and other financial services in Ghana and internationally.

Standard Chartered Bank Ghana

Market Cap: GH₵9.6b

Provides various banking products and services in Ghana.

Access Bank (Ghana)

Market Cap: GH₵5.3b

Provides various banking products and services primarily in Ghana.

Agricultural Development Bank

Market Cap: GH₵8.8b

Provides corporate, investment, and retail banking products and services in Ghana.

Guinness Ghana Breweries

Market Cap: GH₵4.6b

Manufactures, distributes, and sells spirits, alcoholic and non-alcoholic beverages, and other ancillary products.

GCB Bank

Market Cap: GH₵11.0b

Engages in the retail and corporate banking, consumer and commercial banking, and treasury activities in Ghana.

Benso Oil Palm Plantation

Market Cap: GH₵3.0b

Engages in the production of palm oil primarily in Ghana.

TotalEnergies Marketing Ghana

Market Cap: GH₵3.9b

Engages in the marketing and sale of petroleum and allied products in Ghana.

Unilever Ghana

Market Cap: GH₵1.9b

Manufactures and markets sells fast-moving consumer goods in Ghana.

Fan Milk

Market Cap: GH₵1.4b

Produces, manufactures, and distributes recombined milk and other dairy products in Ghana, Nigeria, Côte d'Ivoire, Togo, and Burkina Faso.