GSE Outpaces African Peers on Year-to-Date Performance
Ghana’s equity market closed higher last week, lifted by financial stocks and robust trading volumes that underscored the continued dominance of telecoms giant MTN Ghana.
The benchmark GSE Composite Index advanced 0.35 per cent to 7,412.59 points in the week ending August 15, extending year-to-date gains to 51.6 per cent and consolidating the exchange’s position as one of Africa’s best-performing markets in 2025. The GSE Financial Stock Index edged up 0.22 per cent to 3,416.11 points.
Market capitalisation rose to GH¢151.08bn, with trading activity surging to 18.7mn shares valued at GH¢71.6mn — more than six times the previous week’s turnover. MTN Ghana accounted for over 92 per cent of the total value traded, with CAL Bank, Ecobank Transnational, SIC Insurance, and Republic Bank also featuring prominently.
Top gainers included SIC Insurance, which has surged almost 289 per cent year-to-date, as well as Ecobank Ghana, GCB Bank, Enterprise Group, and Fan Milk. By contrast, CAL Bank, Unilever Ghana, and the gold-backed ETF posted declines.
The Ghana Stock Exchange continues to outpace peers on the continent, with only Nigeria’s NGX and Kenya’s NSE coming close in relative performance terms.
Meanwhile, in the currency markets, the cedi weakened marginally against major trading currencies. It closed at GH¢10.65 to the dollar, down from GH¢10.60 the previous week. Losses were also recorded against the pound and euro.
Also, commodities offered a mixed picture as Brent crude eased to $66.35 per barrel, gold retreated to $3,342.89 per ounce, while cocoa — Ghana’s key export — fell sharply to $7,848.47 per metric tonne, down almost 28 per cent since the start of the year.
