The best-performing stock market in the world, this small, illiquid exchange dominated by mining, commodities, and banking companies is up nearly two-thirds (after gaining 32% last year). Hopes remain high for the Ghanaian economy, with International Monetary Fund estimates of 7.5% annual growth from 2009 to 2011, thanks to factors like rising cocoa and other commodity prices and the country's first significant oil production set for 2010.
GSE All Share Index +63.35% (all figures are year-to-date as of Oct. 31, in local currencies)