Latest News

Ghana's Market Activities Grow in August

Market activities on Ghana Stock Exchange (GSE) are proceedingly raising despite challenges in macroeconomics and post effects of the pandemic. 

There was a dramatic rise in market activities in August and the volume and value of transactions have also seen a soar over the month, the statement by the principal stock exchange of Ghana shows. 

The shares traded stood at GH¢114,171,744.82, showing a noticeable increase by 315.37 %. versus the same period a year ago.                     

According to the GSE, the year-to-date transactions were 15,325 (50.32% rise from the same period in 2021). 

The GSE also said the Cumulative Volume (1,232,653,349) standing at GH¢1,237,259,893.31 shows a respective rise of 232.98% and 235.56% from the same period last year. 

The Composite Index and Financial Stock Index saw Year-to-Date returns of -3.34%, which shows the GSE equity market has seen a marginal decline from a month ago. Market cap jumped by 2.45% to GH¢64, 445.45 in the month of August compared to GH¢62, 904, 96 over the same period in 2021. Shares volume increased to 77,249,447 in August from 64,332,881 in July, which signifies a rise of 20.08%. In the meantime, shares value jumped to GH¢114,171,744.82 versus GH¢61,493,287.83 in July, a hike of 85.67%. 

In August, Access gained 42.35%, GLD 12.76 per cent, BOPP 5.67%, SOGEGH 2.83%, CAL 2.70%, and TOTAL 1.9%. Ghana Fixed Income Market (GFIM) saw a trade volume of 15.71 billion; an increase of 13.09% compared to 13.89 billion at the same period last year, GSE declared. The trade volume from January to August this year was totally 158.94 billion; 12.87% rise from 140.82 billion over the same months in 2021. 

Read more
By Samira Ha. on September 13, 2022


Enter your email address below to subscribe to our newsletter and keep up to date with the latest news, discounts and special offers.

Latest Comments