Precious Metal Derivatives - Ghana

Ghana

The nominal value in the Precious Metal Derivatives market market in Ghana is forecasted to reach US$7.44bn in 2024.
It is anticipated to demonstrate an annual growth rate (CAGR 2024-2028) of 4.14%, resulting in a projected total amount of US$8.75bn by 2028.
The average price per contract in the Precious Metal Derivatives market market in Ghana stands at US$0.12 in 2024.
When considering a global perspective, the highest nominal value is achieved the in the United States (US$19,920.00bn in 2024).
In the Precious Metal Derivatives market market in Ghana, the number of contracts is expected to reach 66.38k by 2028.
Ghana's growing interest in Precious Metal Derivatives reflects a shift towards diversifying investment portfolios amid global market uncertainties.

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Region comparison

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Analyst Opinion

The Precious Metal Derivatives market in Ghana is experiencing a notable shift in recent times.

Customer preferences: Investors in Ghana are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The allure of potential high returns and the ability to trade without owning physical assets are driving this shift in customer preferences.

Trends in the market: One prominent trend in the Precious Metal Derivatives market in Ghana is the growing interest from institutional investors, including pension funds and asset management companies. This trend is fueled by the desire for more sophisticated investment options and the need to optimize returns in a competitive market environment. Additionally, there is a rising demand for customized derivative products tailored to specific risk profiles and investment goals.

Local special circumstances: Ghana's stable economic growth and increasing financial market sophistication are creating a conducive environment for the development of the Precious Metal Derivatives market. The country's regulatory framework is also evolving to accommodate the growing interest in derivative instruments, providing investors with more confidence and security in participating in these markets.

Underlying macroeconomic factors: The macroeconomic landscape in Ghana, including factors such as inflation rates, interest rates, and foreign exchange dynamics, plays a crucial role in shaping the Precious Metal Derivatives market. Investors closely monitor these factors to make informed decisions and manage risks effectively. As Ghana continues to strengthen its position as a hub for financial services in the region, the Precious Metal Derivatives market is expected to further expand and mature.

Methodology

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.