Ghana Stock Exchange investor gains 127 percent return in first quarter 2026

The Ghana Stock Exchange (GSE) showed strong performance in the first quarter of 2026. An investor who put GHS1,000 into the ten best-performing stocks on January 2, 2026, would have made GHS1,271.90 profit by March 31, 2026. This means their GHS1,000 grew to GHS2,271.90, a 127 percent return.

This return was much higher than other investments. For example, GHS1,000 in a 91-day Treasury Bill would have earned only GHS27.08 interest at a 10.83 percent rate. The top performing stocks beat this risk-free rate by 47 times.

The GSE Composite Index rose nearly 49 percent. It went from 8,770 points to 13,060 points in three months.

The best performing stocks included Enterprise Group, ACCESS Bank, and SIC Insurance. Enterprise Group shares went up 238 percent, from GHS3.48 to GHS11.77. ACCESS Bank shares increased 187 percent, from GHS16.20 to GHS46.62. SIC Insurance rose 175 percent, from GHS1.20 to GHS3.30.

The financial sector did very well. The GSE Financial Stocks Index increased by 65.5 percent. This shows banks and insurance companies were valued higher after good 2025 results.

Not all stocks performed well. TOTAL Petroleum shares fell 14 percent. This highlights that stock market gains are not guaranteed for all companies.

The strong market growth happened while inflation fell to 3.3 percent in February. This was a big drop from 23 percent a year earlier. Interest rates were also falling. These economic conditions helped support the stock market rally.