# Ghanaian economic performance and market trends > Live situation record from CLSTR: https://clstr.news/situations/ghanaian-economic-performance-and-market-trends > Updated: 2026-09-08T00:10:54.000Z. Sources: 23. Developments: 6. Ghanaian economic indicators show signs of growth and recovery across different sectors. On the Ghana Stock Exchange (GSE), the composite index rose to 15,088.31 points, with the GSE recording a 73% year-to-date gain. Managing Director Abena Amoah noted that monthly trades have increased significantly from an average of 25,000 last year to approximately 300,000 this year. Recent data from August 2026 indicates the GSE has emerged as Africa’s top-performing equity market in local-currency terms, delivering a 71.27% return. In US dollar terms, it recorded a 59.09% return, ranking second among 14 assessed African markets. However, the market has faced recent volatility; in a single session, total market capitalization dropped by approximately GH¢2.4 billion, from GH¢283 billion to GH¢280.6 billion, and the GSE Composite Index declined by 0.85% to 14,759.87 points, signaling a deterioration in short-term sentiment despite a 68.29% year-to-date gain. Trading activity has recently shown extreme concentration. On September 4, 2026, the GSE recorded a turnover of GH¢17.90 million, with GCB Bank (67.68%) and MTN Ghana (27.36%) accounting for approximately 95.04% of the total value traded. By September 7, 2026, MTN Ghana dominated the market even more heavily, accounting for approximately 90.19% of total market volume and 90.85% of total value, with 18.47 million shares traded. This followed a divergent August where Dannex Ayrton Starwin PLC surged 313.6% while Enterprise Group PLC dropped 33.1%. In the debt market, Ghana raised GH¢3.15 billion through a four-year Treasury bond issuance maturing in 2030. The bond cleared at a 12 percent yield, with bids totaling approximately GH¢4.46 billion, representing 1.4 times the amount accepted. This issuance aims to lengthen the maturity profile of domestic debt. Looking ahead, Databank Research projects the GSE will close 2026 with a return of 81% ±500 basis points. ## Claims - Ghana’s state-owned enterprises (SOEs) recorded a consolidated net profit after tax of GH¢19.80 billion in 2025. (corroborated by 12 sources) - SOE revenue increased by 28.12% to GH¢176.43 billion in 2025. (corroborated by 11 sources) - The sector moved from a GH¢2.25 billion net loss in 2024 to a profit in 2025. (corroborated by 11 sources) - The appreciation of the cedi resulted in net foreign-exchange earnings of GH¢11.72 billion for SOEs in 2025. (corroborated by 11 sources) - Agriculture revenue increased by 203.71% in the SOE sector. (corroborated by 11 sources) - Total SOE assets declined by 5.86% to GH¢407.84 billion. (corroborated by 11 sources) - Public sector financial irregularities in Ghana fell by 62.9% to GH¢7.69 billion in 2025. (corroborated by 5 sources) - Financial irregularities in Metropolitan, Municipal and District Assemblies (MMDAs) rose by 125.6% in 2025. (corroborated by 2 sources) - Financial irregularities in the District Assemblies Common Fund declined by 39.6% in 2025. (single source) ## Timeline ### 2026-09-08: Ghana Stock Exchange sees high concentration in MTN Ghana trading The Ghana Stock Exchange saw extreme market concentration in September, with MTN Ghana accounting for over 90% of value traded, following a volatile August of sharp price swings across various stocks. 2 sources. https://clstr.news/cluster/ghana-stock-exchange-sees-high-concentration-in-mtn-ghana-trading ### 2026-09-04: Ghana markets see high activity in stock turnover and bond issuance Ghana's markets saw high activity as GCB Bank and MTN Ghana dominated stock exchange turnover, while a new four-year Treasury bond raised GH¢3.15 billion at a 12 percent yield. 2 sources. https://clstr.news/cluster/ghana-markets-see-high-activity-in-stock-turnover-and-bond-issuance ### 2026-09-03: Ghana Stock Exchange shows strong annual returns despite recent selloffs The Ghana Stock Exchange has seen massive year-to-date growth, leading African markets in local currency, despite recent sessions of market selloffs and declining capitalization. 6 sources. https://clstr.news/cluster/ghana-stock-exchange-shows-strong-annual-returns-despite-recent-selloffs ### 2026-09-03: Equity markets show growth in Canada and Ghana Canadian markets show recovery with Hydro One noted for stability, while the Ghana Stock Exchange is projected to see an 81% return in 2026 driven by strong corporate earnings. 2 sources. https://clstr.news/cluster/equity-markets-show-growth-in-canada-and-ghana ### 2026-08-31: Ghana state-owned enterprises return to GH¢19.8bn profit in 2025 Ghana’s state-owned enterprises returned to a GH¢19.80 billion profit in 2025. While COCOBOD and TOR saw major turnarounds, local government financial irregularities rose by 125.6%. 17 sources. https://clstr.news/cluster/ghana-state-owned-enterprises-return-to-profit-in-2025 ### 2026-08-26: Ghana Stock Exchange sees index rise and increased investor activity The Ghana Stock Exchange shows strong performance with a 73% year-to-date gain, prompting leadership to urge corporations to use the market for capital raising instead of debt. 6 sources. https://clstr.news/cluster/ghana-stock-exchange-sees-index-rise-and-increased-investor-activity --- Cite as: Ghanaian economic performance and market trends. CLSTR, https://clstr.news/situations/ghanaian-economic-performance-and-market-trends