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Business & EconomyMarkets

Ghana Stocks Extend Losses as Market Turnover Drops, Financial Index Edges Up

Ghana’s stock market fell for a second session as turnover dropped sharply. The Composite Index declined, though banking gains lifted the Financial Index slightly higher

Ghana Stock Exchange Sees Busy Trading on Thursday Amid Market Dip
Solomon Boakye
Oct 23, 2025

The Ghana Stock Exchange (GSE) closed lower on Wednesday, as reduced investor activity and declines in key counters dragged the market into negative territory for the second straight session.

Total market turnover fell sharply to 920,626 shares valued at GH¢1.18 million, compared with 1.53 million shares worth GH¢2.74 million traded on Tuesday, reflecting weaker investor appetite in mid-week trading.

The benchmark GSE Composite Index (GSE-CI) slipped 20.8 points to 8,447.64, pulling down the market’s capitalization to GH¢167.21 billion from GH¢167.74 billion in the previous session. However, the GSE Financial Stocks Index (GSE-FSI) inched up 0.59 points to 4,079.01, supported by gains in banking stocks.

Market performance was mixed across the four equities that recorded price movements. GCB Bank gained GH¢0.02 to close at GH¢15.62, while Fan Milk advanced by GH¢0.01 to GH¢8.00. 

On the downside, MTN Ghana slipped GH¢0.02 to GH¢4.34, and the NewGold ETF dropped sharply by GH¢80.54 to GH¢367.11, mirroring declines in global gold prices.

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MTN Ghana led activity among the movers, trading 68,351 shares at a value of GH¢296,637.24, while Fan Milk accounted for GH¢155,583.18 of total turnover.

Despite the decline, the market’s year-to-date performance remains robust, with the GSE Composite Index up 72.81% and the Financial Stocks Index up 71.33% as of October 22, 2025.

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