Investors are celebrating a landmark week as the Ghana Stock Exchange (GSE) surged past GH¢150 billion in total market capitalization for the first time this year.
The breakthrough caps a robust five-day rally that saw the GSE Composite Index leap 5.43% to 7,386.41 points—extending its year-to-date gain to an impressive 51.10%.
While financial stocks dipped marginally, telecommunications, consumer goods, and gold-linked investments fueled the growth. MTN Ghana climbed to GH¢3.93 amid heavy trading, but NewGold ETF (GLD) stole the spotlight, rocketing GH¢37.99 to GH¢407.99 on soaring global gold prices.
Trading activity fluctuated, peaking Monday with GH¢19.07 million shares changing hands before tapering midweek. Yet the market climbed steadily—proof that targeted buying, even in smaller volumes, can drive momentum. Friday’s GH¢11.26 million session confirmed lingering investor confidence as positions tightened before the weekend.
Not all sectors shared equally. The Financial Stocks Index edged down slightly, though it remains up 43.18% this year. Cal Bank slipped to GH¢0.52, contrasting with the broader rally.
Crossing the GH¢150 billion threshold signals more than numerical progress. It reflects growing trust in Ghana’s economic resilience under President Mahama’s administration, with gold and telecoms emerging as key pillars. As the market charges into August, analysts watch whether this energy can sustain its record-breaking run. You’d almost feel the buzz from the trading floor in Accra’s financial district.
