Ghana Stock Exchange Sees 63.4% Return, President Courts Global Investors

President John Dramani Mahama officially opened trading at the London Stock Exchange (LSE) on Wednesday, June 4, 2026. He urged global investors to invest in Ghana's economic growth and the Ghana Stock Exchange (GSE). The GSE Composite Index has delivered a 63.4% return, making it one of the world's top-performing equity markets in 2026.

This impressive performance positions the GSE as the second-best globally, trailing only South Korea. On the African continent, it ranked second with a 154% return in US Dollar terms and 79% in local currency terms for 2025. President Mahama’s appearance at the LSE aimed to attract foreign direct investment by showcasing Ghana’s improved economic stability and renewed investor confidence.

The President's visit was a key part of a five-day diplomatic and investment tour of the United Kingdom. This initiative seeks to re-establish Ghana as a prime destination for international investment. Ghana has implemented disciplined macroeconomic reforms over the past 18 months, leading to reduced inflation, a stable Cedi, and stronger international reserves. These indicators support the country's commitment to deepening global financial partnerships.

President Mahama highlighted a Bloomberg report from May 15, which confirmed the GSE's strong performance. He stated that the equities market on the GSE is valued at GHS 263 billion, complemented by a fixed income market worth GHS 253 billion. These figures demonstrate a deep and active market for capital investment in both growth and income assets.

A significant indicator of renewed investor confidence is the recent surge in Initial Public Offerings (IPOs). After a seven-year drought without new listings, the GSE has completed or announced three major IPOs in six months. These transactions have collectively raised about GHS 2 billion, adding GHS 11 billion to the national exchange's market capitalisation.

These new listings include First Atlantic Bank PLC, which raised GHS 742 million in an oversubscribed offering on December 19, 2025. Zen Petroleum Holdings PLC followed, raising GHS 640 million in March and April 2026, also oversubscribed. Kasapreko PLC is set to list on June 15, aiming to raise GHS 700 million to expand its production facilities. These three IPOs represent diverse sectors: banking, energy, and fast-moving consumer goods.

President Mahama stressed that the Ghana Stock Exchange is designed for international participation. Investors can participate remotely, without a physical presence in Ghana. The exchange uses an automated trading platform, including Infotech UK and Bloomberg eBond, which are globally integrated. It also holds ISO 27000222 certifications for world-class information security. The central securities depository, operated by Montran, provides fully automated systems for secure investment handling. This infrastructure ensures a seamless and secure experience for global investors.

The continued performance of the GSE and the successful string of IPOs will likely attract more international capital. Decision-makers and markets will closely watch how these new listings perform and whether the momentum can be sustained. This positive trend could further strengthen Ghana’s position as a leading investment hub in Africa, impacting the country’s overall economic growth and job creation.