The Ghana Stock Exchange (GSE) closed the week ending April 24, 2026 on a bullish note, with both benchmark indices advancing sharply as GCB Bank emerged as the market’s standout performer, surging 33.84 percent over five sessions to power broad gains that lifted the GSE Composite Index (GSE-CI) to 14,873.11 from 14,024.22 the prior week, a rise of 6.05 percent.
The GSE Financial Stocks Index (GSE-FSI) gained 6.34 percent to close at 8,841.04, while market capitalisation climbed 4.70 percent to GHS 278.98 billion from GHS 266.45 billion the prior week, continuing the recovery from the sharp correction that had gripped the bourse in late March.
Total traded volume for the week reached 13,553,818 shares, up 6.68 percent from 12,704,860 the prior week, while total value traded surged 40.12 percent to GHS 87.33 million from GHS 62.32 million. The divergence between the modest rise in volume and the far sharper jump in value reflects the outsized influence of higher-priced stocks on week’s turnover, led principally by GCB Bank and Scancom PLC, the listed vehicle for MTN Ghana (MTNGH).
GCB Bank was the week’s most compelling story, advancing GHS 10.75 to close at GHS 42.52, its biggest single-week gain in recent months and one that extended its year-to-date return to 93.27 percent. SIC Insurance followed with a 20.63 percent weekly gain, closing at GHS 5.38, while Republic Bank Ghana (RBGH) added 18.22 percent to GHS 5.58. Societe Generale Ghana (SOGEGH) rose 11.50 percent to GHS 6.30, and ZEN Bank gained 9.00 percent to close at GHS 5.45.
MTNGH continued to anchor the market in value terms, recording GHS 38.34 million in total value traded and accounting for 43.90 percent of all value traded on the exchange during the week, even as it added a more measured 7.70 percent to close at GHS 6.57. Ecobank Transnational Incorporated (ETI) and CAL Bank also closed higher, gaining 5.24 percent and 3.49 percent respectively.
The Finance sector led all sectors by volume, accounting for 46.08 percent of total shares traded, while the Information and Communications Technology sector topped the value rankings at 43.90 percent of weekly turnover. The average price change across all listed securities for the week stood at 5.92 percent.
On the losing side, TotalEnergies Marketing Ghana (TOTAL) was the week’s heaviest decliner, falling GHS 3.74 or 9.77 percent to GHS 34.54, extending its year-to-date deficit to 14.19 percent. Benso Oil Palm Plantation (BOPP) shed 5.55 percent to GHS 85.00, while Fan Milk Limited (FML) fell 2.79 percent to GHS 12.20 and Enterprise Group Limited (EGL) slipped 1.95 percent to GHS 11.08.
The broader 2026 performance picture remains exceptional. The GSE-CI has gained 69.59 percent year to date, while the GSE-FSI has surged 90.25 percent since January 1, sustained by a macro environment defined by sharply lower inflation, a significantly stronger cedi, and declining interest rates that have redirected institutional capital toward equities.
