The Information and Communications Technology (ICT) sector maintained a commanding lead on the Ghana Stock Exchange (GSE) in May 2025, contributing more than 80 percent of total equity trading volume. The sector recorded a total of 28.88 million shares traded, representing approximately 83.6 percent of all shares exchanged during the month.
In terms of value, ICT stocks generated GH¢95.57 million, making up over 51 percent of the market’s total traded value for the period. The sector also recorded the highest number of trades, with 11,676 transactions, accounting for more than half of all trades executed in the month.
Surprisingly, this dominant performance was driven by just two listed stocks within the ICT sector, MTNGH and CLYD. Of the total volume, MTNGH alone accounted for 28.88 million shares and over GH¢95.56 million in value, making it the single most actively traded equity in the entire market. The second ICT stock, CLYD, recorded minimal activity with only 499 shares traded, worth 44.91 Ghanaian pesewas, across just five trades.
Other sectors showed more moderate levels of activity. The Finance sector followed with 2.45 million shares traded, though its corresponding value stood at GH¢2.43 million. The Exchange Traded Funds (ETF) category registered GH¢63.7 million in traded value despite relatively low share volume, indicating high-value transactions during the period.
Sectors such as Food and Beverage, Distribution, and Manufacturing recorded stable but comparatively lower levels of market participation. Meanwhile, Agriculture, Mining, and Insurance remained marginal, with minimal trading volumes and values. No trades were recorded in the Education and Advertisement & Production sectors.
Overall, the data for May 2025 highlights the central role of the ICT sector, particularly MTNGH, in driving activity on Ghana’s equity market.
