KEY HEADLINES & INSIGHTS
GSE Market Value Surges Past GH¢282.9bn as Investor Demand Strengthens
Trading on March 11, 2026 saw the GSE Composite Index rise 1.42% and market value climb to GH¢282.9bn, driven by strong activity in financial and telecom stocks. Turnover was dominated by MTN Ghana, while several major equities posted gains, reflecting renewed investor confidence and sustained market momentum.
COCOBOD Releases GH¢4.2bn to Clear Delayed Cocoa Farmer Payments
COCOBOD has disbursed GH¢4.2bn to LBCs to settle farmer arrears dating back to November 2025, aiming to complete all payments before the end of the 2025/26 season.
MIIF Posts Record GH¢5.43bn in Mineral Royalties for 2025
Ghana’s Minerals Income Investment Fund collected a record GH¢5.43bn in mineral royalties in 2025, driven by tighter monitoring, strong gold prices, and higher production from major mines. Manganese revenues also improved, while quarry minerals underperformed.
Ghana Admits 11 Crypto Platforms Into SEC Regulatory Sandbox
Ghana’s SEC has selected 11 crypto firms to test their services in a year‑long regulatory sandbox launched on March 10. The programme allows platforms to operate under supervision as regulators assess compliance and readiness for full licensing under the new Virtual Asset Service Providers Act, 2025.
PRIMARY DEBT MARKET ISSUANCE WEEK
Yields on Government of Ghana (GoG) treasury bills posted a mixed performance across the tenors last week. The 91-day bill decreased by 12 basis points to 4.71%, the 182-day bill by 2 basis points to 6.28%, but the 364-day increase marginally by 6 basis points, settling at 9.41%.
| Security | Current Wk % | Previous Wk % |
|---|---|---|
| 91-Day GoG Bill | 4.7100 | 4.8254 |
| 182-Day GoG Bill | 6.2833 | 6.3047 |
| 364-Day GoG Bill | 9.4061 | 9.3488 |
Source(s): Bank of Ghana
GHANA FIXED INCOME MARKET VOLUME TRADED
The Ghana Fixed Income Market (GFIM) recorded a total trading volume of GH₵7.00 billion at the week's close, reflecting a decrease from the GH₵7.77 billion reported in the previous week. The total number of transactions recorded was 3,346, with Treasury bills dominating the market and accounting for 88.73% of the trades. Meanwhile, New GoG Notes & Bonds posting 3.35% to the total trading activity.
Daily Volume (GHS) Traded – GFIM
Week's Yield Curve
EQUITY MARKET
Trading activity on the local stock exchange surged this week, with total share volume increasing by 21% to reach 35,115,578shares, from 29,021,912 shares posted the previous week. However, the total traded value decreased by 45%, settling at GH₵131.85 million compared to GH₵241.27 million last week, reflecting a significant decrease in higher-value transactions.
| Index | Level | WoW % | MTD % | YTD % |
|---|---|---|---|---|
| GSE-CI | 15,611.32 | 9.38 | 21.31 | 78.00 |
| FSI | 10,145.30 | 13.34 | 31.88 | 118.31 |
| Market Cap | 292.581 | 11.64 | 24.11 | 70.06 |
Source(s): Ghana Stock Exchange
Week's Equities Top Gainers & Laggards
EQUITY MARKET MOST TRADED STOCKS
| Ticker | Traded Volume | Price (GHS) |
|---|---|---|
| CAL | 21,532,507 | 0.87 |
| MTNGH | 7,632,114 | 6.27 |
| SIC | 1,886,687 | 6.90 |
| GOIL | 1,006,537 | 7.32 |
| ETI | 741,530 | 2.46 |
Source(s): Ghana Stock Exchange
TOP PERFORMING AFRICAN STOCK INDICES
| Country | Index | Level | YTD % |
|---|---|---|---|
| Ghana | GSE-CI | 15,611.32 | 78 |
| Tanzania | DSE ASI | 3,973.44 | 43.86 |
| Nigeria | NGX ASI | 198,407.30 | 27.5 |
| Zimbabwe | ZSE ASI | 351.69 | 26.57 |
| Uganda | USE ASI | 2,017.79 | 23.65 |
COMMODITY MARKET
This week, the commodities market posted a mixed performance, driven by notable price fluctuations. Gold prices decreased marginally from $5,146.1 to $5,052.5 per troy ounce week-on-week (w/w). The precious metal posted 1.82% weekly loss.
Meanwhile, Brent crude oil futures posted a 11% weekly gain increasing from $92.69 to $103.14 per barrel, as the blockade of the Strait of Hormuz continues to choke 20% of global daily energy throughput while markets digest the latest escalation in regional hostilities.
Cocoa futures posted a marginal increase settling at $3,205 per ton from last week’s $3,138, posting a 2.14% weekly gain. Cocoa prices have also seen some support since last week as the closure of the Strait of Hormuz has boosted global shipping rates, insurance costs, and fuel prices, thereby raising cocoa importers' costs.
Source(s): Yahoo Finance, Trading Economics
CURRENCY MARKET
The Ghanaian cedi (GH₵) recorded mixed performance against major international currencies last week, reflecting ongoing volatility in the foreign exchange market. The local currency appreciated marginally by GH₵0.10 against the US dollar (USD), declined by GH₵0.06 against the British pound (GBP), and maintain its position for Euros (EUR) compared to the previous week.
