Ghana Stock Exchange (GSE): Live Prices, Listed Companies and How to Invest in 2026
The Ghana Stock Exchange (GSE) is one of Africa's most dynamic capital markets and in recent years has been one of the world's top-performing stock exchanges by index appreciation. Located in Accra, the GSE lists 38 companies ranging from major telecoms and banks to oil and agricultural companies.
The Ghana Stock Exchange (GSE) is one of Africa's most dynamic capital markets and in recent years has been one of the world's top-performing stock exchanges by index appreciation. Located in Accra, the GSE lists 38 companies ranging from major telecoms and banks to oil and agricultural companies.
This guide covers everything you need to know about the Ghana Stock Exchange — including live prices, listed companies, how the GSE Composite Index works, and how to invest.
What is the Ghana Stock Exchange?
The Ghana Stock Exchange was incorporated in 1989 and began trading in 1990, making it one of West Africa's oldest exchanges. It is regulated by the Securities and Exchange Commission of Ghana (SEC Ghana) and operates an automated trading system five days a week from 09:30 to 15:00 GMT.
The GSE lists equities, bonds, and ETFs. All securities are denominated in Ghanaian Cedis (GHS). Settlement of trades is handled by the Central Securities Depository (CSD) on a T+3 basis — meaning trades settle three business days after execution.
GSE Composite Index (GSE-CI)
The GSE Composite Index is the primary benchmark for the Ghana Stock Exchange. It is a market-capitalisation weighted index that tracks all listed equities on the exchange, providing the most comprehensive measure of overall market performance.
As of early 2026, the GSE-CI stands at 15,700.75 — representing a year-to-date gain of over 154%, making it one of the world's best-performing major indices over the same period.
The GSE also publishes the GSE Financial Stocks Index (GSE-FSI), which specifically tracks the performance of financial sector companies listed on the exchange.
Ghana Stock Exchange Listed Companies
The GSE lists 38 companies across a range of sectors. The largest companies by market capitalisation include:
MTN Ghana (MTNGH) — Ghana's largest listed company by market cap at GHS 86.4 billion. MTN Ghana is a subsidiary of the pan-African telecoms giant MTN Group and is the country's leading mobile network operator with over 28 million subscribers.
Ecobank Transnational (ETI) — A pan-African banking group present in 36 African countries. ETI is dual-listed on the GSE and several other African exchanges, making it one of the continent's most widely traded stocks.
GCB Bank (GCB) — Ghana's largest indigenous bank by assets, with one of the deepest retail banking networks in the country. GCB is a key component of the GSE Financial Stocks Index.
AngloGold Ashanti (AGA) — One of the world's largest gold mining companies, dual-listed on the GSE, JSE, and NYSE. Ghana is one of Africa's top gold producers and AngloGold has operated in the country for decades.
Tullow Oil (TLW) — A London-listed oil exploration company with major operations in Ghana's offshore Jubilee Field. Tullow's Ghana listing reflects the country's growing importance as an oil producer.
Benso Oil Palm (BOPP) — A leading Ghanaian agribusiness and one of the country's top-performing stocks, having gained over 8% in a single session in March 2026.
How Does the GSE Trade?
The GSE operates a continuous auction system from 10:00 to 15:00 GMT, with a pre-market session from 09:30 to 10:00 GMT. Trading is conducted electronically through the Automated Trading System (ATS), which was introduced to replace floor-based trading.
All trades must be executed through a licensed dealing member (LDM) — a stockbroker registered with the GSE. There are currently 23 licensed dealing members operating on the exchange.
Forex Watch — Cedi Against Major Currencies
The Ghanaian Cedi (GHS) exchange rate is a critical factor for investors in GSE stocks. For current USD/GHS, EUR/GHS, GBP/GHS and NGN/GHS rates, visit the Ghana market desk on Mansa Markets, which displays live Cedi forex rates updated throughout the trading day.
How to Invest in Ghana Stocks
Step 1 — Open a CSD Account All GSE investors must have a Central Securities Depository (CSD) account. This is opened through any licensed dealing member.
Step 2 — Choose a Stockbroker Select a GSE-licensed dealing member. Major options include Databank Brokerage, IC Securities, and Stanbic Investment Management Services.
Step 3 — Fund Your Account Deposit funds in Ghanaian Cedis. Foreign investors can invest in GSE stocks — there are no restrictions on foreign portfolio investment, though some foreign ownership limits apply to individual stocks.
Step 4 — Place Orders Submit buy orders through your broker via online platforms, phone, or in person. Orders are matched on the ATS and confirmed same day.
Step 5 — Settlement Trades settle T+3. Your CSD account is updated with the purchased shares after settlement.
GSE Performance and Key Statistics
The GSE has consistently been among Africa's top-performing exchanges. Key reasons include:
- Strong macroeconomic fundamentals with Ghana's GDP growing at over 5% annually
- High dividend yields from banking and telecoms stocks
- Growing foreign investor participation following the country's eurobond issuance programmes
- IMF-backed economic stabilisation programme providing fiscal confidence
For live GSE data including the current GSE-CI index value, today's top gainers and losers, and full price data for all 38 listed companies, visit the Ghana Market Desk on Mansa Markets.