The Ghana Stock Exchange (GSE) has recorded a historic breakthrough, surpassing GH¢150 billion in total market capitalization for the first time in 2025. The milestone came after a strong five-day rally that saw the GSE Composite Index jump by 5.43% to close at 7,386.41 points, pushing its year-to-date growth to an impressive 51.10%.
The rally was largely powered by gains in the telecommunications, consumer goods, and gold-linked sectors, even though financial stocks recorded a slight dip. MTN Ghana was one of the standout performers, climbing to GH¢3.93 amid heavy trading activity. However, the week’s biggest winner was the NewGold ETF (GLD), which surged from GH¢37.99 to GH¢407.99, driven by soaring global gold prices.
Trading volumes fluctuated over the week, starting on a high note on Monday with GH¢19.07 million worth of shares exchanged. The momentum slowed in midweek sessions but the market maintained its upward trajectory. By Friday, the GSE recorded GH¢11.26 million in transactions, a sign that investors were still optimistic and holding their positions ahead of the weekend.
Not every sector shared equally in the gains. The Financial Stocks Index edged down slightly during the week, though it still shows a strong year-to-date rise of 43.18%. Cal Bank’s share price slipped to GH¢0.52, contrasting with the broader market rally.
Crossing the GH¢150 billion mark is seen as more than just a statistical milestone. Market watchers say it reflects rising investor confidence in Ghana’s economic resilience, particularly under the current policy environment. The performance of gold-linked investments and telecom stocks has been central to this momentum. Gold prices have benefited from global uncertainty, while the telecom sector continues to thrive on high data usage and expanding mobile money services.
The atmosphere on the trading floor in Accra’s financial district was described as upbeat, with brokers and investors closely monitoring every price movement. Analysts believe the strong performance in July has set the tone for August, but they are also watching to see whether the rally can be sustained or if profit-taking might slow the pace.
For many investors, this achievement reinforces the importance of Ghana’s equity market as a platform for wealth creation and economic growth. It also highlights the role of strategic sector investments in driving performance, with telecommunications and commodities emerging as key growth engines.
With the GSE already on track for one of its best years in recent memory, all eyes will be on how it navigates the months ahead amid global market uncertainties, fluctuating commodity prices, and domestic economic policies. The latest figures suggest that, at least for now, the market’s energy is far from fading.
