GSE Outperforms Regional Peers with 73.6% Year-to-Date Gain
The Ghana Stock Exchange’s (GSE) year-to-date performance of 73.6% remains one of the strongest in Africa, outpacing Nigeria’s 42.8% gain and Kenya’s 39.8%.
The year-to-date performance of these two stock exchanges were the closest to that of the GSE’s.
Year-to-date performance of other stock exchanges such as EGX-30 (Egypt), JSE ASI (South Africa), BRVM (WAEMU) and BGSMDC (Botswana) were significantly lower than that of the GSE.
The JSE ASI, EGX-30, BRVM and BGSMDC as of the close of trading session on October 10, 2025, had recorded year-to-date performance of 30.83%, 25.68%, 20.48% and 5.61% respectively.
The local bourse extended its bullish run last week, with the benchmark Ghana Stock Exchange Composite Index (GSE-CI) climbing 0.93 per cent to close at 8,488.81 points, lifting its year-to-date gain to 73.65 per cent.
The Financial Stock Index (GSE-FSI) also advanced 1.77 per cent to 3,949.15 points, underpinned by robust gains across key banking counters. Market capitalisation of the GSE increased to GH¢166.74 billion from GH¢165.63 billion in the previous week.
Trading activity surged sharply, with total volumes rising by 170 per cent to 18.15 million shares valued at GH¢122.96 million, compared with GH¢27.39 million a week earlier. GCB Bank dominated market turnover, accounting for 77.6 per cent of total value traded at GH¢95.39 million.
Among the top performers, TotalEnergies Marketing Ghana led the gainers, rising GH¢3.60 to GH¢40.60, while Enterprise Group Holdings and Fan Milk also recorded notable advances. On the downside, MTN Ghana shed GH¢0.02 to GH¢4.50, and Unilever Ghana declined to GH¢19.80. Gold-backed ETF (GLD) reversed recent gains, dropping GH¢9.05 to GH¢467.67.
The strong equity rally has been buoyed by easing inflation, improving investor sentiment, and expectations of sustained macroeconomic stability under Ghana’s IMF-supported reforms.
Meanwhile, on the currency market, the cedi posted a weekly gain against major trading currencies, appreciating to GH¢12.17 per US dollar from GH¢12.55 previously. The local unit also strengthened against the British pound and the euro but weakened slightly versus the CFA franc.
In commodities, gold prices rose 2.7 per cent on the week to US$3,988.48 per ounce, while Brent crude slipped to US$62.69 per barrel. Cocoa prices, meanwhile, extended their recent correction, dropping 46.7 per cent year-to-date to US$5,799.13 per metric tonne.
