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Economy / Ghana

Key Market Views: Bullish Ghanaian Equities

April 2010 | Market Strategy

BMI View: We have initiated a bullish position on the Ghana All-Share Index in our Key Market Views, targeting 7,000 (a 13.3% gain). Our optimism is based on a strong macroeconomic story thanks to forthcoming domestic oil production, as well as an encouraging technical picture. We believe that consumer stocks are particularly attractive.

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