The Ghana Stock Exchange (GSE) had another strong month in September 2025, showing that investor confidence in the country’s economy continues to grow. The market’s main performance indicators, the GSE Composite Index and the GSE Financial Stock Index, both went up sharply, supported by strong showings from banks and major companies.
The overall GSE Composite Index rose by 11.43 percent to 8,168.35 points, while the Financial Stock Index, which tracks banks and financial institutions, went up by 11.35 percent to 3,799.31 points. This means that since the start of the year, both indices have gained more than 59 percent, reflecting a steady recovery in the stock market.
Banks and Consumer Companies Lead the Way
Some of Ghana’s leading banks were among the best performers. GCB Bank rose by almost 41 percent, Ecobank Ghana by 33 percent, and CalBank by 25 percent. Other top gainers included Clydestone Ghana, which went up by 54 percent, and Fan Milk, which gained 21 percent.
Energy and telecom companies such as TotalEnergies, MTN Ghana, and Enterprise Group also saw their share prices increase. However, a few firms, including Guinness Ghana, Unilever, and Access Bank, saw small declines.
More Shares Changing Hands
Investors traded about 46 million shares in September, worth GHS 189 million. This was a slight increase in the number of shares compared to August, even though the total value of shares traded fell by about seven percent.
Compared to last year, overall trading has been lower, but when you look at the whole of 2025 so far, the market is doing well. From January to September, investors traded 601 million shares worth over GHS 3 billion, about 65 percent more value than during the same period in 2024.
Bond Market Also Booms
The bond market, where government and corporate debts are traded, also had a strong showing. The Ghana Fixed Income Market recorded trades worth 27.8 billion cedis in September, about 16 percent higher than in August. Compared to last year, bond trading has grown by almost 80 percent, showing that investors continue to trust the government’s financial instruments.
So far this year, the bond market has recorded 185 billion cedis in total trades, a jump of 55 percent from the same time last year.
Building Trust and Awareness
The GSE has been working to educate the public about investing. Together with the Securities and Exchange Commission and the Ghana Securities Industry Association, it launched a financial education campaign called “Time with the Capital Market” to help Ghanaians better understand how to save and invest.
The Exchange refurbished and donated ICT equipment to the Dzorwulu Special School as part of its corporate social responsibility, showing that its work goes beyond just finance.
