Ghana Stock Exchange starts 2026 with robust gains
19th February 2026
The Ghana Stock Exchange (GSE) began 2026 on a strong note, posting robust gains across major indices and recording a significant surge in trading activity in January.
The GSE Composite Index (GSE-CI) rose 2.69 percent, while the Financial Stocks Index (GSE-FSI) led with a notable 6.14 percent year-to-date gain, reflecting renewed investor confidence in the local equities market.
In a statement on January market performance, the GSE highlighted a sharp increase in market activity. The number of transactions jumped to 38,477, representing a remarkable 406.74 percent rise compared to the same period in 2025.
The surge in activity demonstrated improved market participation and liquidity at the start of the year. Trading volume reached 167.32 million shares, with a total value of GH¢705.36 million — increases of 938.51 percent in volume and 549.48 percent in value year-on-year.
“These figures signal strong investor appetite and robust market momentum,” the GSE said. Market capitalisation also grew, reinforcing the positive sentiment that characterised trading during the month.
Among individual stocks, CalBank PLC led gainers with a 15.71 percent increase in share price, followed by Ghana Commercial Bank with a 1.36 percent rise and Enterprise Ghana PLC, which gained 0.28 percent.
Other marginal gainers included Ecobank Ghana PLC (0.14%), Benso Oil Palm Plantation PLC (0.06%) and Standard Chartered Bank Ghana PLC (0.03%).
Conversely, TotalEnergies Marketing Ghana PLC slipped 0.12 percent, Societe Generale Ghana PLC fell 4.46 percent, and New Gold recorded the steepest decline at 5.67 percent.
The GSE also reported strong growth in the Fixed Income Market. Total traded volume reached GH¢36.91 billion, up 118.45 percent from GH¢16.89 billion in January 2025. Treasury Bills accounted for 37.75 percent of total volume, Government Bonds for 60.91 percent, and Corporate Bonds for 1.34 percent.
The number of trades executed on the debt market rose to 56,982, a 13.83 percent year-on-year increase.
The strong performance in both equities and fixed income markets reflects growing investor optimism and a sustained recovery, positioning the Accra bourse for a potentially buoyant performance in the coming months.