KEY HEADLINES & INSIGHTS

SSNIT Strengthens Investment Portfolio to Safeguard Ghanaian Pensions

The Social Security and National Insurance Trust (SSNIT) has reaffirmed its commitment to enhancing and diversifying its investment portfolio to ensure the sustainability of pension payments in Ghana. Management highlighted ongoing efforts to balance risk and returns, focusing on prudent strategies that protect contributors’ retirement benefits while supporting national economic growth.

Cocoa Futures Slide to December Lows on Profit-Taking

Cocoa futures plunged 8.96% week-on-week to settle at $5,345 per ton, down from $5,871, marking the lowest level since early December. The decline reflects profit-taking and portfolio repositioning by market participants following earlier bets tied to the return of cocoa contracts to the Bloomberg Commodity Index (BCOM) from January 8.

Asante Gold Closes C$179.4 Million Financing

Asante Gold Corporation has completed a bought deal private placement, raising C$179.4 million through common share issuance. The proceeds will strengthen development at its Bibiani and Chirano mines, supporting the company’s growth strategy in Ghana.

Ghana Gold Coin Pricing Update

1 oz Now Selling at GH₵48,975.98 with 0.50 oz at GH₵24,829.25 and 0.25 oz at GH₵12,777.72 as of 8th January 2026. (Bank of Ghana, 2025)

PRIMARY DEBT MARKET ISSUANCE WEEK

Yields on Government of Ghana (GoG) treasury bills posted mixed performance across the tenors last week. The 91-day bill increase marginally by 5 basis points to 11.17%, the 182-day bill by 6 basis points to 12.62%, while the 364-day decreased marginally by 3 basis points, settling at 12.90%.

Source(s): Bank of Ghana

GHANA FIXED INCOME MARKET VOLUME TRADED

The Ghana Fixed Income Market (GFIM) recorded a total trading volume of GH₵3.76 billion at the week's close, reflecting a decrease from the GH₵4.39 billion reported in the previous week. The total number of transactions recorded was 1,802, with Treasury bills dominating the market and accounting for 87.46% of the trades. Meanwhile, New GoG Notes & Bonds posting 8.60% to the total trading activity.

Daily Volume (GHS) Traded – GFIM

Week's Yield Curve

EQUITY MARKET

Trading activity on the local stock exchange turned bullish this week, with total share volume increased by 472% to 21,546,466 shares, from 3,762,838 shares posted the previous week. The total traded value increased by 645%, settling at GH₵90.04 million compared to GH₵12.09million last week, reflecting a significant increase in higher-value transactions.

Source(s): Ghana Stock Exchange

Week's Top Gainers and Laggards

EQUITY MARKET MOST TRADED STOCKS

Source(s): Ghana Stock Exchange

TOP PERFORMING AFRICAN STOCK INDICES

Source(s): African Markets

COMMODITY MARKET

This week, the commodities market posted a mixed performance, driven by notable price fluctuations. Gold prices increased from $4,314.4 to $4,490.3 per troy ounce week-on-week (w/w). The precious metal posted a 4.08% weekly gain.

Meanwhile, Brent crude oil futures posted a 4.26% weekly gain increasing from $60.75 to $63.34 per barrel, as the potential resumption of Venezuelan oil exports outweighed concerns over supply disruptions from escalating protests in Iran.

Cocoa futures posted a plunged settling at $5,345 per ton from last week’s $5,871, posting 8.96% weekly loss. This is the lowest since early December, reflecting some profit-taking and repositioning by agents who had been betting on flows associated with the return of cocoa futures contracts in the Bloomberg Commodity Index (BCOM) starting on January 8.

Source(s): Yahoo Finance, Trading Economics

CURRENCY MARKET

The Ghanaian cedi (GH₵) recorded notable depreciation against major international currencies last week, reflecting ongoing volatility in the foreign exchange market. The local currency depreciated by GH₵0.20 against the US dollar (USD), declined by GH₵0.21 against the British pound (GBP), and depreciated GH₵0.14 against the euro (EUR).

Source(s): Bank of Ghana