Ghana Stock Exchange Index Records 30% Growth in Q1, Beating West African Peers

Strategic Insights -

The Ghana Stock Exchange (GSE) index has achieved a remarkable 30% growth in the first quarter of the year, outperforming its competitors in the West African sub-region. Managing Director Abena Amoah attributes this success to renewed investor confidence and an increase in market activities. She is optimistic that this growth will surpass other markets across the continent by the end of the year.

Key Takeaways:

  • The Ghana Stock Exchange index has recorded over 30% growth in the first quarter of the year, making it the best-performing securities market in the West African sub-region.
  • The Managing Director, Abena Amoah, attributed the feat to renewed confidence in the market and an uptake in activities by investors on the bourse.
  • The GSE performed very well in the first quarter, with its equities market index up over 30 percent, and the financial stock index up by about 33 percent.
  • Work is ongoing to improve capitalization of the GSE, with market capitalization growing by over 70 percent compared to the same period last year.
  • Trade volumes on the Fixed Income Market have gradually picked up, with a 53 percent increase in traded volumes compared to the same time last year.
  • Kasapreko PLC, a beverage manufacturer, has announced plans to list about 25 percent of its equity shares on the main market of the GSE by the end of 2025.
  • Kasapreko has maintained an impressive growth trajectory since its listing on the Fixed Income Market, with 2024 revenue growing by 45% year-on-year to GHSA 2.7 billion.

Statistics:

  • The GSE index has recorded a 30% growth in the first quarter of the year.
  • The financial stock index has seen a 33% increase.
  • Work is ongoing to improve capitalization of the GSE, with market capitalization growing by over 70 percent compared to the same period last year (143 billion cedis).
  • Trade volumes on the Fixed Income Market have increased by 53 percent (87 billion cedis compared to 57 billion cedis same time last year).
  • Kasapreko PLC has announced plans to list about 25 percent of its equity shares on the main market of the GSE by the end of 2025.
  • Kasapreko's 2024 revenue has grown by 45% year-on-year to GHSA 2.7 billion.

Sources:

  • Ghana Stock Exchange (GSE)
  • Managing Director Abena Amoah
  • Kasapreko PLC