The Ghana Stock Exchange (GSE), according to The High Street Business report, reached a historic milestone on Wednesday, 25 February 2026, as total market capitalization soared to GH¢225.02 billion. Investors have been flocking to equities amid declining Treasury bill yields, with banking and telecommunications stocks leading the surge.
The GSE Composite Index (GSE-CI) closed at 12,259.53 points, gaining 0.79% in a single session and pushing the year-to-date (YTD) return to 39.78%. The Financial Stocks Index (GSE-FSI) climbed 2.63% to 6,981.64 points, reflecting an impressive 50.23% YTD gain.
Wednesday’s trading session recorded 4.59 million shares exchanged, valued at GH¢30.35 million, marking the most active session of the week.
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Top Equity Movers
| Company | Closing Price (GH¢) | Day’s Change |
|---|---|---|
| Societe Generale Ghana | 8.60 | +9.97% |
| Access Bank Ghana | 31.23 | +9.96% |
| Standard Chartered Bank | 32.28 | +9.91% |
| Republic Bank Ghana | 1.98 | +9.55% |
| MTN Ghana (Scancom) | 5.61 | -1.06% |
The rally has been concentrated in the banking sector, led by Access Bank Ghana, Standard Chartered Bank, and Societe Generale, as well as the telecommunications giant MTN Ghana, which saw minor retracement.
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Drivers of the Rally
Market analysts attribute the strong performance to multiple factors:
- Shift from Fixed Income: Yields on 91-day and 182-day Treasury bills have fallen sharply to 6.45% and 8.18%, respectively, prompting institutional investors to redirect capital toward equities.
- Macro Stability: Inflation has eased to 3.8% as of January 2026, while the Ghana cedi appreciated against the US dollar in 2025 for the first time in decades, boosting investor confidence.
- Regulatory Reforms: Stricter 2026 listing rules introduced caps on share buybacks to prevent artificial price manipulation and enhance market integrity.
The surge reflects growing investor appetite for financial sector equities and signals broader confidence in Ghana’s economic trajectory under a period of stability and fiscal discipline.
Market watchers note that sustained interest in the banking and telecom sectors could continue to drive capitalization higher, particularly as institutional investors adjust portfolios in response to declining fixed-income returns.
