Ghana Stock Exchange Sees 87% Drop in August 2025 Trades Despite Yearly Gains
Trading activity on the Ghana Stock Exchange (GSE) plunged in August 2025, recording one of the steepest monthly declines in recent years. Official data show that 45.90 million shares valued at GHS 203.63 million changed hands, an 87.19% fall in volume and an 88.23% drop in value compared with July’s performance. The slowdown highlights a sharp month-on-month contraction in market activity, even as investor interest remains evident.
Despite the significant pullback from July, trading levels are still much stronger than they were a year ago. On an annual basis, the GSE’s traded volume jumped 105.54%, while the total value traded rose 15.76%. Analysts say this year-on-year growth reflects a broader rebound in investor confidence and a shift toward higher-value transactions.
From January to August 2025, the market has recorded 555.02 million shares valued at GHS 2.87 billion. This represents a 14.98% dip in volume but a striking 123% increase in total value compared with the same period in 2024. Market watchers interpret these numbers as evidence that, although fewer shares are being traded, investors are focusing on more lucrative deals and blue-chip stocks.
The key GSE indices reflected the mixed market sentiment in August. The GSE Composite Index (GSE-CI) advanced 4.84% to close at 7,330.37 points, extending its year-to-date gain to an impressive 49.95%. In contrast, the GSE Financial Stock Index (GSE-FSI) edged down 0.44% to 3,411.96 points, although it remains up 43.31% since the beginning of the year.
Price movements of individual equities shaped trading outcomes. Cocoa Processing Company PLC led the gainers with a 50% jump, followed by Intravenous Infusions PLC (+25%) and Trust Bank Gambia PLC (+10%). Other notable advancers included Clydestone Ghana PLC, Scancom PLC, NewGold, Ghana Oil Company PLC, GCB Bank PLC, Republic Bank (Ghana) PLC, and Ecobank Ghana PLC. On the downside, Ecobank Transnational Inc. lost 6.10%, while Cal Bank PLC, Unilever Ghana PLC, and Access Bank Ghana PLC also recorded slight declines.
source: citi newsroom