Activity on the Ghana Stock Exchange (GSE) accelerated significantly in the week ending April 24, 2026. Total turnover value surged by 40.12% to GHS 87.33 million, up from GHS 62.32 million the previous week.
This sharp increase in market activity was driven by investors focusing on banking stocks and blue-chip companies. The volume of shares traded also increased by 6.68%, reaching 13.55 million shares. This strong performance pushed both the benchmark indices, the GSE Composite Index and the GSE Financial Stocks Index, deeper into year-to-date gains.
The growth reflects a broader trend of renewed investor confidence in Ghana's equities market, especially within the finance and ICT sectors. The GSE Composite Index rose 6.05% to 14,873.11, while the GSE Financial Stocks Index advanced 6.34% to 8,841.04. The market's overall capitalization climbed by 4.70% week-on-week, reaching GHS 278.98 billion. On a year-to-date basis, the GSE Composite Index has gained 62.16%, and the Financial Index has seen a 69.59% increase, highlighting the strength of the 2026 equities rebound.
Norvan Reports indicates that trading was heavily concentrated in the finance and ICT sectors, which increasingly dictate market direction. Finance stocks alone accounted for 46.08% of the total volume traded. The ICT sector dominated in terms of value, representing 43.90% of the week’s traded value. This demonstrates a consistent demand for bank and telecommunication company shares.
Moving forward, market watchers will observe whether this rally can broaden beyond these leading sectors. Investors will seek signs of liquidity spreading across a wider range of companies. The test lies in whether the strong performance, currently fueled by finance and ICT, can be sustained and expand to other parts of the market.
At the stock level, GCB Bank led the weekly gainers, with its share price rising 33.84% from GHS 31.77 to GHS 42.52. This extended its year-to-date gain to 93.27%. SIC Insurance followed with a 20.63% increase to GHS 5.38, and Republic Bank Ghana (RBGH) added 18.22%, closing at GHS 5.58. Other strong performers included Societe Generale Ghana, up 11.50%, and Zenith Bank Ghana, which gained 9.00%, reinforcing the dominant role of banks in this week's momentum.
Conversely, TOTAL recorded the steepest decline, falling 9.77% to GHS 34.54, leaving it down 14.19% year-to-date. BOPP slipped 5.55% to GHS 85.00, and Fan Milk (FML) eased 2.79% to GHS 12.20. Enterprise Group (EGL) and Golden Star (GLD) also experienced modest weekly declines. Liquidity was sustained by a few key stocks, with MTN Ghana (MTNGH) leading both value and volume charts. It was listed among the top five value-traded stocks, alongside GCB, GLD, SIC, and ETI. By volume, CAL Bank, ETI, SIC, and GCB joined MTNGH, reflecting both retail and institutional interest.