The Ghana Stock Exchange (GSE) ended 2025 on a historic high, with total market capitalisation surging to GH¢172 billion, representing a robust 54.50 percent increase from GH¢111.35 billion recorded at the close of 2024.
A summary of the GSE’s 2025 market report shows that the equity market delivered one of its strongest performances in over 20 years.
The GSE Composite Index (GSE-CI) climbed to 8,770.25 points, delivering a year-on-year return of 79.40 percent, its highest annual gain since 2004.
Financial stocks led the rally, with the GSE Financial Stock Index (GSE-FSI) closing the year at 4,647.17 points.
The index recorded a remarkable return of 95.19 percent, marking its best performance since it was introduced in 2011 and underscoring renewed investor confidence in the banking and financial services sector.
Market activity also strengthened significantly over the year. Total trade value on the equities market rose by 73.75 percent to GH¢3.74 billion, reflecting increased participation by both domestic and foreign investors amid improving macroeconomic conditions.
Several stocks posted exceptional gains during the year. Clydestone (GH) PLC topped the chart with an extraordinary 1,433.33 percent appreciation.
It was followed by SIC Insurance Company PLC (344.44 percent), Ecobank Ghana PLC (284.62 percent), GCB Bank PLC (215.70 percent), and Access Bank Ghana PLC (211.54 percent).
Other notable gainers included TotalEnergies Marketing Ghana PLC (207.16 percent), Société Générale Ghana PLC (199.33 percent), Cocoa Processing Company PLC (150.00 percent), Ecobank Transnational Incorporated (148.39 percent), and Benso Oil Palm Plantation PLC (120.98 percent).
Mega African Capital PLC was the only stock to close the year in negative territory, recording a marginal decline of 3.35 percent.
Beyond equities, the Ghana Fixed Income Market (GFIM) also recorded a landmark year. Total traded volume reached an all-time high of 245.8 billion, representing a 41.29 percent increase over the 174 billion traded in the same period in 2024. The volume surpassed the pre-Domestic Debt Exchange Programme peak of 230 billion recorded in 2022.
Treasury Bills accounted for 25.14 percent of total fixed income trades, while Government Notes and Bonds dominated activity with a 69.12 percent share. Corporate Bonds contributed the remaining 5.73 percent.
The strong performance across both equities and fixed income markets signals a broad-based recovery in investor sentiment and positions the GSE for sustained growth in 2026.
