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Ghanaian economic performance and market trends

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2026-09-06 03:54 UTC → 2026-09-08 12:09 UTC · added ~~removed~~

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 ~~trading highly concentrated:~~ GCB Bank (67.68%) and MTN Ghana ~~accounted~~ (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. ~~In the public sector, state-owned enterprises transitioned from a GH¢2.25 billion net loss in 2024 to a consolidated net profit after tax of GH¢19.80 billion in 2025.~~

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