Also known as: GSE · Ghana Stock Exchange/Ghana Fixed Income Market
Ghana Stock Exchange — primary equities and fixed income market in Ghana recording significant trading volume and returns, with market capitalization at approximately GHS172 billion as of 2025.
… Speaking at the ‘Facts Behind the Figures’ programme at Ghana Stock Exchange (GSE), Managing Director-Unilever Ghana Christopher Wulff-Caesar noted the improving environment – marked by easing inflation, currency appreciation and rising investor confidence – has provided a suppor …
… After many years in which equities were often seen as distant from the ordinary saver, more Ghanaians are now following share prices, public offers, company listings, and the performance of the Ghana Stock Exchange. …
… Yaotse suggested that a possible listing on the Ghana Stock Exchange could provide an avenue for raising capital and expanding ownership of the company. …
… The Mineral Income Investment Fund’s existing equity stake would likely be bought out, while public ownership through the Ghana Stock Exchange could disappear unless a new listing structure is maintained. …
By Joshua Worlasi AMLANU and Ebenezer Chike Adjei NJOKU The mining sector accounted for only GH¢2.91million, or 0.09 percent of the GH¢3.41billion total value traded on the Ghana Stock Exchange (GSE) between January and May 2026, highlighting a growing disconnect between the coun …
… With this foundation and with clarity of purpose, I am confident that our best days are ahead of us.” Shares of Ecobank Ghana PLC are trading at GH¢41 on the Ghana Stock Exchange, up 64 percent year-to-date and 70.7 percent over six months, while posting a 439 percent gain over t …
Bank of Ghana Governor Dr. Johnson Asiama assured businesses that recent depreciation of the cedi, which has weakened to around 12 cedis per dollar at forex bureaus amid Christmas import pressures, is a deliberate and controlled policy aimed at keeping the economy moving. He stated that such currency adjustments are within management strategy and that the foreign exchange market remains under control.
Bank of Ghana Governor Dr. Johnson Asiama assured businesses that recent depreciation of the cedi, which has weakened to around 12 cedis per dollar at forex bureaus amid Christmas import pressures, is a deliberate and controlled policy aimed at keeping the economy moving. He stated that such currency adjustments are within management strategy and that the foreign exchange market remains under control.
Ghana's capital market faces a shortage of businesses prepared to access public markets rather than a lack of investment capital, according to PwC Ghana. The Ghana Stock Exchange recorded a 137.4% return in US Dollar terms in 2025, with market capitalisation rising to approximately GHS172 billion.
Ghana Stock Exchange activity surged last week with 34.59 million shares traded, up 130.2% from the previous week, and transaction value rising 77.8% to GH¢165.94 million. Despite the increase in trading liquidity, benchmark indices declined and market capitalisation fell 1.52%.
Government's latest four-year Treasury bond auction attracted GH¢4.46 billion in bids, of which GH¢3.15 billion was accepted. The bond cleared at 12.00% yield, below pre-auction expectations, with a bid-to-cover ratio of 1.41 times.
The Ghana Stock Exchange's Composite Index returned 71.90% in August 2026, with trading activity up 323.86% year-on-year; while the top price gainers included Dannex Ayrton Starwin PLC (313.6%) and Digicut Production & Advertising PLC (211.1%), there were 16 price losers led by Enterprise Group PLC (-33.1%).
Ghana's government raised GH¢3.15 billion in a 4-year bond auction at a clearing yield of 12%, receiving total bids worth GH¢4.46 billion. The bond, marketed primarily to resident investors and to be listed on the Ghana Stock Exchange, will mature on September 3, 2030.
The Ghana Stock Exchange is expected to close 2026 with an 81% return (±500 basis points) for investors, according to Databank Research. The projection is supported by strong corporate earnings, disinflation, and potential valuation upside across financial stocks, telecoms, FMCG, and oil marketing sectors.
The Ghana Stock Exchange returned 71.27% in local terms as of August 2026, ranking first among 14 African stock exchanges, though it placed second to Nigeria's 153% dollar return. Market activity remained robust with 140,323 transactions recorded in July, representing a 456.44% increase year-on-year.
Standard Chartered Bank Ghana paid GH¢97.8 million dividend to SSNIT for the 2025 financial year, part of the bank's total dividend distribution of GH¢673.95 million approved at its 56th Annual General Meeting.
Fidelity Bank Ghana held a Debt Capital Markets Conference bringing together the Bank of Ghana, Ministry of Finance, Ghana Stock Exchange, and institutional investors to explore how macroeconomic stability can be converted into long-term capital for productive investment. Managing Director Julian Opuni said improving conditions present an opportunity after three years of stabilisation, and disclosed the bank has supported debt capital-market transactions with an aggregate value exceeding GH¢30 billion.
Standard Chartered Bank Ghana PLC has paid GH¢97.8 million in dividends to SSNIT for the 2025 financial year, part of a total dividend distribution of GH¢673.95 million approved at its 56th Annual General Meeting.
Veteran economist Kwame Pianim has commended Fidelity Bank Ghana as an example of sound governance, credible succession, and homegrown ownership, emphasizing the need for Ghana's economy to sustain recovery and build a deeper capital market.
Fidelity Bank Ghana convened a Debt Capital Markets Conference with the Bank of Ghana, Ministry of Finance, Ghana Stock Exchange, and institutional investors to discuss converting macroeconomic stability into long-term capital for productive investment. The conference, themed "Lower Rates, Higher Opportunity," focused on shifting the national conversation from economic stabilisation to building foundations for sustainable growth through debt capital markets.
Trading activity on the Ghana Stock Exchange declined significantly for the week ended August 28, 2026, with total volume traded falling 53.60 per cent to 8.29 million shares and value dropping 49.11 per cent to GH¢39.13 million, though selected stocks including Das Pharma recorded strong price gains.
The government will open the book-build for a new four-year cedi-denominated Treasury Bond on September 1, 2026, maturing in 2030, with the securities to be listed on the Ghana Stock Exchange and offered to both resident and non-resident investors.
The Ghana Investment Promotion Authority chief executive has encouraged Ghanaian businesses to leverage the capital market for long-term financing, corporate governance, and sustainable growth, citing it as an alternative to address private sector financing challenges. He highlighted PETROSOL Platinum Energy PLC's admission to the Ghana Fixed Income Market under a GHS200 million bond programme as an example of how local businesses can strengthen competitiveness through capital market financing.
Investors in Ghana Stock Exchange-listed companies received GH¢37 billion in dividends over the past 12 months, while corporate bond and commercial paper investors earned nearly GH¢800 million in coupons, the GSE Managing Director disclosed at the Petrosol Platinum Energy listing ceremony.
PETROSOL Platinum Energy PLC, an ISO-certified indigenous oil marketing company, has received 178% subscription for its maiden GH₵100 million corporate bond, with combined bids of GH₵178.074 million. The 4-year tranche attracted 229% subscription and the 5-year tranche drew 128% subscription, and the company plans to raise the remaining GH₵100 million from its approved GH₵200 million Note Issuance Programme.
Petrosol Platinum Energy Plc has listed two series of notes under its GH¢200 million Note Programme on the Ghana Stock Exchange's Ghana Fixed Income Market to fund expansion, comprising a four-year note with 16.25% annual coupon and a five-year note with 17% coupon. The company plans to deploy the funds to expand existing operations, improve products and services, increase market share, expand retail operations, and invest in renewable energy.
Bayport Savings and Loans, which posted GH¢218 million profit in the first half of 2026, aims to double its profit to GH¢436 million by year-end by expanding credit access, improving efficiency, and deepening its presence in the government payroll market. The CEO attributed the company's performance to operational discipline and falling interest rates that have allowed it to reduce lending rates for civil servants and government employees.
Johnson Asiedu Nketiah, National Chairman of the NDC, posted a photograph with his wife calling her "Woman Crush Everyday," which prompted social media comments about a potential presidential bid and first lady, amid ongoing speculation about his intentions to succeed President Mahama.
The Bank of Ghana Governor says more commercial banks should list on the Ghana Stock Exchange to access long-term capital, which would enable them to offer longer-term loans to businesses and reduce reliance on short-term financing.
Ghana Stock Exchange equities index has gained 73% year-to-date as of August 18, 2026, with trading volumes and values doubling compared to the same period last year, reflecting growing investor participation and renewed primary market activity following new listings.
The Multimedia Group paid a courtesy call on Petrosol Platinum Energy PLC to strengthen their partnership ahead of the oil marketing company's corporate bond listing on the Ghana Stock Exchange. Petrosol has received regulatory approval from the GSE and Securities and Exchange Commission to raise capital through bonds beginning Monday, with an expected equity listing to follow later.
Avance Media Africa has released the 2026 Top 100 Ghana's Women Board Directors ranking, the second edition, recognizing 100 women serving on boards of Ghana's leading institutions. The research found that women hold 232 of 895 board seats (25.9%) across 100 leading organisations, down from 28% in 2023, though the number of women Board Chairs doubled to 19 and nine organisations now achieve gender parity.
The Ghana Stock Exchange ended the week of August 14, 2026 with market capitalisation up 1.43 per cent to GH¢288.90 billion and both benchmark indices advancing, though trading volume fell 22.16 per cent and value traded dropped 46.14 per cent. DAS Pharma was the strongest gainer, rising 55.77 per cent.
Republic Bank (Ghana) PLC has appointed Elsie Enninful-Adu as Non-Executive Director, effective 3rd August 2026, following Bank of Ghana approval. Enninful-Adu brings over 30 years of financial services experience spanning investment management, private equity, venture capital, and corporate finance.
The government has cleared all outstanding pension contributions to SSNIT for 2025 and paid GH₵156 million in advance towards January 2026 obligations, improving the Trust's cash flow and supporting financial sustainability for over 265,000 pensioners.
The Canada Ghana Chamber of Commerce will hold CEOs' Connect 2026 on 20 August 2026 at the Kempinski Hotel Gold Coast City, Accra, bringing together chief executives, financiers, policymakers and investors for a high-level business dialogue on financing cross-border expansion between Ghanaian and Canadian companies.
Ghana's Canada Chamber of Commerce will convene top capital market, investment and trade leaders on 20 August to discuss how Ghanaian and Canadian companies can raise capital for cross-border expansion. The event, themed "Financing the Future: Capital Strategies for Cross-Border Business Expansion," marks CanCham's 10th anniversary and will feature panelists from the Ghana Stock Exchange, Ghana Investment Promotion Centre, Ghana Free Zones Authority, AfCFTA Secretariat, and Guaranty Trust Bank Ghana, followed by targeted B2B meetings.