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Business & Economy

MTN Ghana Climbs to Gh¢6.28 As GSE Rally Strengthens on Banks and Heavy Telecom Trading

GSE rose as MTN Ghana dominated trading at GH¢6.28, while banking stocks drove index gains amid strong liquidity and selective profit-taking in energy shares.

MTN Ghana Climbs to Gh¢6.28 As GSE Rally Strengthens on Banks and Heavy Telecom Trading
Solomon Boakye
Apr 21, 2026

The Ghana Stock Exchange extended its upward momentum on Monday, April 20, 2026, as the benchmark Composite Index rose to 14,332.79 points, up 308.57 points from the previous session, supported by sustained gains in financial stocks and strong liquidity in select blue-chip counters.

The Financial Stocks Index also advanced to 8,520.19 points from 8,314.05, reinforcing the sector’s continued role as the main driver of market performance this year. Overall trading activity was steady, with 4,335,116 shares changing hands at a total value of GH¢21.56 million, while market capitalisation stood at GH¢272.08 billion.

MTN Ghana once again dominated market activity, with Scancom PLC (MTNGH) trading 2,811,593 shares valued at GH¢17.72 million. The stock closed at GH¢6.28, up from a previous VWAP of GH¢6.10, after moving between GH¢6.00 and GH¢6.50 during the session. Its heavy turnover continued to anchor overall market liquidity.

Banks provided much of the support for the broader index gains, with GCB Bank PLC rising sharply to GH¢34.94 from GH¢31.77, a gain of GH¢3.17 on the day. Societe Generale Ghana also advanced to GH¢6.21, while Ecobank Transnational Inc. edged higher to GH¢2.20. SIC Insurance closed at GH¢4.57, extending modest gains in the insurance segment.

Not all counters ended the session in positive territory. TotalEnergies Marketing Ghana declined to GH¢34.57, down GH¢3.71 from its previous VWAP, despite recording value traded of GH¢610,333.35. Enterprise Group remained largely stable, slipping marginally to GH¢11.29.

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The session reflected continued investor interest in financial stocks and sustained liquidity concentration in MTN Ghana, even as selective profit-taking emerged in energy-related equities. 

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