From the Union Capital research desk.
Market notes, briefings and research on Ghanaian fixed income, equities, pensions, private markets and macro — written by our team, with current dates and named authors.
Ghana Fixed Income: Where Yields Settle After Disinflation
As inflation eases toward target, the bias on the Ghana yield curve is shifting. We look at what it means for cedi-denominated portfolios.
GSE Equities: Selectivity Over Beta in the Second Half
The Composite Index has recovered, but the gains are concentrated. We argue the next leg favours stock selection over broad exposure.
Tier-3 Provident Funds: What Trustees Should Review This Year
Voluntary Tier-3 schemes are growing fast. We set out the governance and investment questions trustees should be asking their fund managers.
Private Credit and the Financing Gap for Ghanaian SMEs
Bank lending alone has not closed the SME funding gap. We look at how structured private credit can bridge it without over-leveraging borrowers.
The Cedi in 2026: Positioning for Importers and Investors
Currency volatility remains the dominant risk for Ghanaian portfolios. We outline practical hedging and allocation responses.
Venture Capital in Ghana: Building a Fundable Pipeline
Capital is available for the right founders. We set out what makes a Ghanaian startup investable through the KBL Venture Capital Fund lens.
Publications & reports.
Selected publications will be available to download here. Downloadable reports are coming soon — in the meantime, the notes above carry our latest views, and you can reach the research desk through our team.
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