Ghana’s equities market advanced on Wednesday, driven by strong gains in telecoms giant MTN Ghana and insurance group Enterprise, lifting the benchmark index to fresh highs and pushing market capitalization above GH¢164 billion.
The GSE Composite Index rose 2% to 8,330.55 points, from 8,168.35 on Tuesday, while the Financial Stocks Index added 0.08% to 3,802.51 points. The main index has now gained 70.41% year-to-date, underscoring sustained investor interest in one of Africa’s best-performing markets in 2025.
Market turnover reached 1.15 million shares valued at GH¢3.12 million, modestly higher than Tuesday’s GH¢4 million but down sharply from Monday’s GH¢8.36 million when trading volumes topped 2 million shares.
MTN Ghana (MTNGH) rose 15 pesewas to close at GH¢4.50, accounting for more than half of total market value traded. The telecom operator saw 505,273 shares exchanged, worth GH¢2.27 million, underscoring its heavy weight on the bourse.
Enterprise Group (EGL) gained 15 pesewas to end at GH¢3.35, while GCB Bank (GCB) inched up one pesewa to GH¢14.11. All three counters contributed to the market’s upward momentum, though MTN remained the dominant driver.
Market capitalization, a measure of the total value of listed companies, increased to GH¢164.6 billion, compared with GH¢162.3 billion at the previous close, reflecting the higher valuations of heavily traded stocks.
The positive session capped a volatile week in which trading values fluctuated widely. On Monday, turnover was more than double Wednesday’s level, but gains in MTN helped restore momentum midweek.
With the GSE-CI up more than 70% this year and the Financial Index advancing nearly 60%, Ghana’s stock market continues to outpace many peers, though traders caution that valuations are becoming stretched.
