GSE ranked best-performing stock market in Africa as of August 2026
In dollar terms, the Accra Bourse placed 2nd behind the Nigerian Stock Exchange (NSE). It recorded 59.09% return for investors.
As of the end of August 2026, the Ghana Stock Exchange (GSE) emerged as the top-performing stock market in Africa. The exchange delivered an impressive 71.27% return for investors in local terms, while it ranked second with a 59.09% return in dollar terms, trailing the Nigerian Stock Exchange (NSE) by a significant margin. Nigeria's stock market outperformed all others, achieving a remarkable 153% return for investors, both in dollar terms and local currency.
The GSE's success can be attributed to low inflation rates, which have contributed to a stable investment environment. However, the exchange rate has faced some fluctuations, depreciating by approximately 7% against the US dollar. Despite this, the equity market continued its upward trajectory, with the Composite Index and Financial Stock Index recording impressive returns of 75.99% and 77.27%, respectively.
During the July 2026 quarter, market activity remained robust, with a total of 140,323 transactions. This represented a staggering 456.44% increase compared to the same period in 2025. The strongest performers were Intravenous Infusions PLC, Hords PLC, Clydestone (Ghana) PLC, Cocoa Processing Co. PLC, Ecobank Ghana PLC, Scancom PLC, Standard Chartered Bank Pref.
Shares, and Tullow Oil PLC. These companies witnessed substantial price gains, with Intravenous Infusions PLC leading the pack at an astonishing 367%. The other notable gainers included Hords PLC, Clydestone (Ghana) PLC, Cocoa Processing Co. PLC, Ecobank Ghana PLC, Scancom PLC, Standard Chartered Bank Pref. Shares, and Tullow Oil PLC, all posting gains between 255% and 11%.
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