Ghana Stock Exchange Sees Record Trading Activity, Driving Value Surge in 2024

Ghana Stock Exchange Sees Record Trading Activity, Driving Value Surge in 2024

The Ghana Stock Exchange (GSE) closed 2024 with strong growth, including a 68.17% rise in trading volume, 137.08% increase in trade value, and soaring transactions

The Ghana Stock Exchange (GSE) ended December 2024 on a high note, recording remarkable growth in trading activity compared to the same period in 2023. A total of 39.47 million shares were traded during the month, representing a significant 68.17% increase from December 2023.

This surge in trading volume highlights heightened activity across various sectors, underpinned by increased investor confidence.

The value of trades also saw an impressive rise, reaching GH₵156.62 million in December 2024, a 137.08% increase from the GH₵66.06 million recorded in December 2023. This sharp growth in value underscores the improving market valuations and the willingness of investors to commit higher capital to the equities market.

In addition to trading volume and value, the number of transactions soared dramatically, with 5,499 trades completed in December 2024. This reflects a staggering 196.76% jump compared to the 1,853 trades recorded in December 2023.

The increase in transactions signifies growing participation from both local and international investors, further solidifying the GSE’s role as a critical platform for capital mobilization and investment in Ghana.

December’s performance not only capped off a strong year for the GSE but also set the stage for sustained growth and momentum heading into 2025.

CT Sector Dominates GSE in 2024 with 92.80% of Total Trading Volume

The ICT sector solidified its dominance on the Ghana Stock Exchange (GSE), accounting for an overwhelming 92.80% of total trading activity. With 920.80 million shares traded, valued at GH¢1.52 billion, the sector continues to be the bedrock of market activity and a key driver of investor confidence.

The ICT sector’s impressive performance reflects a broader trend of digital transformation in Ghana. Increasing internet penetration, widespread smartphone adoption, and a growing demand for digital services have created fertile ground for ICT companies to thrive.

Market leader MTN Ghana exemplifies this trend, with its strong market position and innovative offerings significantly contributing to the sector’s success. The company’s continued growth in subscriber base, data usage, and mobile money services has made it a beacon of resilience and profitability within the equities market.

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