Ghana Stock Exchange Records Massive Growth in May 2026 Amid Strong Market Rally

Ghana Stock Exchange Records Massive Growth in May 2026 Amid Strong Market Rally

The Ghana Stock Exchange (GSE) continued its strong growth through the end of May 2026, driven by a massive surge in trading activity and high investor returns.

Market transactions skyrocketed by 347.09% compared to last year, reaching a total of 89,945 transactions.

The market’s year-to-date volume jumped by over 500% to more than 716 million shares, valued at over GHS3.4 billion.

Both major stock indices posted significant gains:

- GSE Composite Index: Up 63.67%

- Financial Stock Index: Up 68.99%

Top Gainers and Losers

Several companies saw major price increases, led by the energy and pharmaceutical sectors, while banking and consumer goods faced losses.

Biggest Winners:

- ZEN Petroleum Holdings PLC: +86.81%

- Intravenous Infusions PLC: +60.00%

- Clydestone (Ghana) PLC: +27.50%

- Fan Milk PLC: +15.83%

- Hords PLC: +10.00%

- Atlantic Lithium Limited: +5.13%

- Societe Generale Ghana PLC: +3.17%

Biggest Losers:

- Ecobank Transnational Inc.: -36.24%

- CalBank PLC: -18.89%

- Ghana Commercial Bank PLC: -15.16%

- SIC Insurance Company PLC: -11.50%

- Access Bank Ghana PLC: -9.80%

- Enterprise Group PLC: -8.88%

- Ecobank Ghana PLC: -8.88%

- Republic Bank (Ghana) PLC: -6.64%

- Scancom PLC (MTN Ghana): -4.41%

- TotalEnergies Marketing Ghana PLC: -3.59%

- Unilever Ghana PLC: -1.78%

- Guinness Ghana Breweries PLC: -1.60%

Fixed Income Market Growth

The Ghana Fixed Income Market also saw a strong month, with trading volumes rising 39.30% year-on-year to reach 26.56 billion.

The trading activity was split across three main areas:

- Government Notes and Bonds: Accounted for 53.38% of total volume

- Treasury Bills: Accounted for 46.54% of total volume

- Corporate Bonds: Accounted for 0.08% of total volume