Industry Metal Derivatives - Ghana

Ghana

The nominal value in the Industry Metal Derivatives market is projected to reach US$30.74bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.40% resulting in a projected total amount of US$36.33bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.11 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in China (US$2,835.00bn in 2024).
In the Industry Metal Derivatives market, the number of contracts is expected to amount to 309.20k by 2029.

Market

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Analyst Opinion

The Industry Metal Derivatives market in Ghana is experiencing a significant uptrend in recent years. Customer preferences in Ghana are shifting towards investing in metal derivatives as they offer a more diverse portfolio and act as a hedge against inflation and currency fluctuations.

Investors are increasingly looking for alternative investment options beyond traditional asset classes, and metal derivatives provide a lucrative opportunity for portfolio diversification. Trends in the market show a growing interest from both individual and institutional investors in Ghana. The ease of access to global metal derivative markets through online trading platforms has contributed to this trend.

Additionally, the increasing awareness about the potential returns and risk management benefits of metal derivatives is driving the market growth in the country. Local special circumstances, such as the stability of the political environment and regulatory framework in Ghana, have created a conducive atmosphere for the development of the metal derivatives market. The government's efforts to promote the financial market and attract foreign investments have also played a role in boosting the metal derivatives sector in the country.

Underlying macroeconomic factors, including the country's GDP growth, inflation rate, and exchange rate stability, are influencing the growth of the metal derivatives market in Ghana. As the economy continues to expand and investors seek ways to protect their wealth, the demand for metal derivatives is expected to rise further in the coming years.

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.