Abena Amoah is the Managing Director of the Ghana Stock Exchange
The Ghana Stock Exchange (GSE) has been named the best-performing securities market in West Africa after recording an impressive gain of over 30% in its main index during the first quarter of 2025.
This remarkable growth has been attributed to renewed investor confidence and a surge in trading activity on the equities market.
Speaking during a ‘Facts Behind the Figures’ session organised for Kasapreko Plc as they listed on the GSE on Wednesday, May 21, 2025, Managing Director Abena Amoah said the improved macroeconomic landscape has been the key factor fueling the stock market’s momentum.
“The rebound in the economy is clearly being reflected in market activity. We are optimistic that this trend will continue and potentially place Ghana among the top-performing markets on the continent by the end of the year,” she stated.
The GSE’s strong start to 2025 positions it as a beacon of resilience and opportunity in a region still grappling with economic headwinds.
She added, “As of May 18, the GSE equities market has recorded a very impressive performance. Our index was up over 30 percent, the best in West Africa. Our financial stock index was also up by about 33 percent, signaling robust investor interest and market activity.”
On market capitalisation and liquidity, Abena Amoah disclosed that the market capitalisation stood at over GH¢143 billion as of mid-May 2025, representing a year-on-year growth of more than 70%, although she acknowledged that it remains low relative to Ghana’s Gross Domestic Product (GDP).
Market analysts suggest that sustained policy stability and increased corporate disclosures could further strengthen the exchange’s performance in the months ahead.
SP/MA
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