The Ghana Inventory Change (GSE) has recorded vital declines this week, lowering its market capitalization by GHF12.5 billion as widespread declines prevailed on the Accra Inventory Change throughout the buying and selling week ending Friday, Might 8, 2026.
The market capitalization plummeted from CHF281.36 billion on the shut of buying and selling on Monday Might 4 to CHF268.91 billion by Friday afternoon, a lack of practically 4.4% in simply 5 buying and selling periods. The GSE Composite Index, a measure of inventory efficiency, fell 546 factors, or 3.6%, throughout the identical interval to finish the week at 14,567.57.
The losses have been relentless. Monday’s index degree of 15,113.90 rose to fifteen,061.38 on Tuesday, 15,053.00 on Wednesday, 14,887.92 on Thursday, and Friday’s shut was 14,567.57. The index has misplaced 2.5% of its worth within the final month alone, however stays barely constructive for the 12 months, gaining 0.66% since January.
The bloodshed was led by telecoms large Scancom PLC, which trades as MTN Ghana and accounts for a couple of third of the whole market capitalization.
The inventory worth fell by GH¢0.24 to finish the week at GH¢6.53, down from GH¢6.77 at the start of the interval. Buying and selling volumes have been enormous, with over 2.47 million shares purchased and bought on Friday alone, creating a worth of GH¢16.2 million. The share worth’s year-to-date excessive of GH¢6.80 now appears to be like additional and additional away.
Ecobank Transnational Included suffered essentially the most dramatic collapse of the week. The Pan-African Financial institution counter slumped by 0.17 GH cents in Friday buying and selling alone, closing at 1.60 GH cents from its earlier closing worth of 1.77 GH cents. This was a lack of practically 10% in sooner or later. Shares are already below strain, with Friday’s plunge taking the year-to-date decline to greater than 27% from a 2026 excessive of GH¢2.82.
The Financial institution of California continued its downward spiral, falling by GH¢0.07 to shut at GH¢0.81 on Friday. Financial institution shares traded closely, with 364,433 shares purchased and bought, creating a worth of GH¢295,117. The inventory is presently down 14% from its year-to-date excessive of GH¢0.94 and has been steadily declining because the financial institution issued renounceable rights in late 2025.
ZEN Petroleum Holdings offered one of many few brilliant spots. The oil advertising firm soared by 0.66 GH cents to shut at 7.36 GH cents from 6.70 GH cents, up practically 10% on the day. The inventory traded at a quantity of 4,000 shares, making it value GH¢29,440. This sharp rise occurred whilst different power counters like GOIL fell.
Fan Milk PLC additionally bucked the pattern, gaining GH¢1.26 to shut at GH¢13.93, up from GH¢12.67. The dairy maker traded 5,610 shares, producing GH cents 77,919. The inventory worth is presently up practically 16% from this 12 months’s low of GH¢8.00, and seems to be regaining investor confidence after a tough 2025.
Enterprise Group and Guinness Ghana Breweries each recorded marginal declines, down 0.01 GH cents every to shut at 10.64 GH cents and 14.96 GH cents respectively. GCB Financial institution was regular at CHF40.00 on quantity of three,651 shares, a uncommon port of stability in a turbulent week.
The Ghana Alternate options Market witnessed uncommon exercise, with Hords PLC producing GH39,864 with 398,641 shares buying and selling at GH0.10. The inventory worth was steady, however the quantity was noticeable for a counter that normally would not appeal to a lot consideration.
The overall buying and selling quantity for the week reached 11.76 million shares, totaling GH¢66.16 million. Friday was the busiest session of the week, with 4.06 million shares (valued at GHF18.37 million) traded as traders seemed to be in a rush to exit.
The weekly decline erases a few of the positive aspects within the first quarter of 2026 and raises questions in regards to the sustainability of the two-year bull market that pushed the GSE composite index to report highs. Merchants level to profit-taking after the index’s uncommon 79% rally in 2025, coupled with curiosity within the current announcement of the Kasapreco IPO.
