Ghana’s stock market is experiencing remarkable growth in 2025, with the Ghana Stock Exchange Composite Index (GSE-CI) reaching an all-time high of 5,659.8 points in February, up from 5,229.4 points in January. This surge reflects a 28.08% gain in 2024, following a 56.17% increase in 2024, marking a strong recovery from previous years.
Market capitalization has also risen, reaching GH₵111.36 billion by the end of 2024, up from GH₵73.89 billion in 2023. This growth is driven by improved investor sentiment, strong corporate earnings, and a favorable macroeconomic environment.
The banking sector is leading the rally, with banks like GCB Bank and Ecobank Transnational Incorporated (ETI) posting significant gains. GCB Bank’s share price surged 76.5% in 2024, and ETI’s share price increased over 170% in early 2025. Other notable performers include Unilever Ghana, which saw a 140.44% increase in its share price in 2024.
The Ghana Stock Exchange is also attracting foreign investors, with foreign participation increasing due to the market’s strong performance and the government’s efforts to improve economic stability. Additionally, the introduction of new guidelines allowing pension funds to allocate up to 25% of their portfolios to equities is expected to further boost market activity.
Despite the positive outlook, challenges remain, including the need for more private sector companies to list on the exchange and the potential impact of political and economic uncertainties. However, the current momentum suggests that Ghana’s stock market is poised for continued growth in 2025.
Investors are advised to monitor developments closely and consider the long-term prospects of the market.