Ghana Stock Exchange records best quarter since 2019

The Ghana Stock Exchange reported its strongest quarterly performance since 2019 on Friday, with the Composite Index climbing 18.4 percent in the second quarter of 2026 as banking stocks rebounded strongly and consumer goods companies posted better-than-expected earnings.nnGCB Bank, Ecobank Ghana and Standard Chartered led the banking sector rally, collectively adding GH¢4.2 billion in market capitalisation over the quarter. Fan Milk Ghana and Unilever Ghana were the standout performers in the consumer goods segment, both posting over twenty percent gains.nnGSE Director-General Ekow Afedzi attributed the performance to improving macroeconomic fundamentals — a strengthening cedi, easing inflation and the successful completion of the Domestic Debt Exchange Programme — which had restored investor confidence after two difficult years.nnForeign portfolio inflows into the exchange rose by 34 percent compared to Q1 2026, the first significant uptick in foreign participation since 2021. Fund managers said international investors were re-engaging with frontier markets as global risk appetite recovered.nnThe Financial Services sector’s collective market cap now stands at GH¢62.8 billion, recovering most of the losses sustained during the debt exchange crisis. Total market capitalisation across all listed companies reached GH¢139 billion at close of trading on Tuesday.nnAnalysts at Databank Research said the rally could be sustained through the third quarter if inflation continues its downward trend, but warned that any external shock — particularly from commodity price volatility — could reverse gains quickly given the thin depth of the local market.