Managing Director Abena Amoah attributes this success to renewed investor confidence and increased trading activities on the exchange. She expressed optimism that the GSE’s growth will surpass other African markets by the end of the year.

Speaking after beverage manufacturer Kasapreko Plc’s presentation during the “Facts Behind the Figures” series, Amoah highlighted the positive impact of Ghana’s current economic performance on the stock exchange.

“As of May 18th, the GSE equities market index was up by over 30 percent—the highest in West Africa. Our financial stock index also grew by about 33 percent, reflecting robust market activity and investor confidence,” she said.

Amoah added that market capitalization stands at over 143 billion cedis, marking a 70 percent increase compared to the same period last year, though still modest relative to Ghana’s Gross Domestic Product (GDP). She also noted that trade volumes on the Fixed Income Market have increased by 53 percent to about 87 billion cedis compared to last year.

Meanwhile, Kasapreko PLC has announced plans to list about 25 percent of its equity shares on the GSE main market by the end of 2025. The move aims to support the company’s growth and expand investments across Africa.

Kasapreko’s CEO, Richard Adjei, revealed that the company has maintained an impressive growth trajectory since its Fixed Income Market listing, with 2024 revenue increasing by 45 percent year-on-year to GHS 2.7 billion, driven by strong domestic sales and export demand.

“Listing on the bond market was historic for us as a local beverage company. We appreciate the support from our board and investors, and now, with approval to list equities on the main market, we aim to attract more shareholders and access larger markets,” Adjei said.

The said Abena is to serve on the Committee on Economy.

However, GSE says its Director has not been contacted or offered any such appointment, nor has she discussed same, and therefore cannot be the said Abena Amoah.

“We wish to state categorically that the named Ms Abena Amoah on the list is not Ms Abena Amoah, Managing Director of the Ghana Stock Exchange. Our Ms Abena Amoah has not been approached or had any discussion or agreement on the subject matter with the Campaign Team,” portions of the disclaimer read.

GSE has further assured all market operators, issuers, stakeholders, and the public that the Ghana Stock Exchange and its leadership will continue to be apolitical.

“We remain focused on delivering on our mandate of providing a robust platform for raising capital and investment for economic prosperity to all Ghanaians and our international stakeholders,” it added.

Read the full statement below: