10 Must-Know Facts from Ghana’s Capital Market – May 2025

1. A total of 34.5 million shares were traded on the Ghana Stock Exchange in May, valued at GHS186.6 million.
   
2. This represents a steep 86.5% drop in volume and a 52.9% decline in value compared to May 2024.
   
3. Despite the slowdown, the number of transactions increased from 14,053 in April to 20,118 in May.
   
4. Year-to-date (Jan–May), 118.75 million shares have been traded, worth GHS804.7 million.
   
5. Compared to last year, this reflects a 78.2% fall in volume and a 10.2% dip in value over the same five-month period.
   
6. The GSE Composite Index rose by 0.90% in May, closing at 6,150.31 points, with a year-to-date gain of 25.81%.
   
7. The GSE Financial Stock Index climbed 3.37% in May, pushing its year-to-date gain to a strong 35.13%.
   
8. On the equities leaderboard, SIC Insurance topped the gainers with a 44.29% surge, while NewGold led the losers with a 22.11% fall.
   
9. The Ghana Fixed Income Market (GFIM) saw GHS19.07 billion in trades for May, a sharp 83.6% increase over May 2024.
   
10. Cumulatively, bond trades for 2025 have reached GHS96.43 billion, marking a 54.9% jump compared to the same period last year.

So What?

While equity trade volumes dipped sharply in May, investor interest in fixed income surged. Strong index gains and rising transaction counts suggest cautious but ongoing market activity.