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Databank Research has projected significant growth for the Ghana Stock Exchange (GSE) in 2025, with the GSE Composite Index expected to close the year at 6,850 points. This would represent an impressive annual gain of 45%, with a margin of ±500 basis points.
The forecast is driven by anticipated strong performances across key sectors such as banking, telecommunications, and fast-moving consumer goods (FMCG). According to Databank, these sectors will underpin the market’s growth, showcasing resilience and opportunities within Ghana’s equity landscape.
2024 Performance and Sector Highlights
The Ghana Stock Exchange delivered remarkable returns in 2024, recording a 26.13% gain in dollar terms. In cedi terms, the Accra Bourse emerged as the second-best-performing stock market in Africa, setting a strong foundation for the projected growth in 2025.
Looking ahead, Databank highlights MTN Ghana as a standout investment choice. The telecom giant is expected to maintain its trajectory of strong earnings growth and attractive dividend payouts.
“Since its listing in 2018, MTN Ghana has consistently rewarded investors with an average dividend yield of 12%, driven by robust net profit expansion,” the research firm noted.
The FMCG sector is also poised for further recovery in 2025, with companies like Unilever Ghana, Fan Milk, and Guinness Ghana Breweries leading the charge. These firms are expected to capitalize on stronger earnings growth and a more favorable operating environment, signaling a bright outlook for the sector.
Energy Sector Opportunities
Databank Research also sees opportunities in the energy sector, particularly for Total Ghana, which is projected to achieve an 18% upside in 2025.
“This optimistic outlook is fueled by the company’s proactive strategies, including product innovation, strategic advertising, and enhanced quality initiatives aimed at elevating customer experiences,” the report stated.
Positive Momentum for Investors
With broad-based growth across multiple sectors, Databank’s 2025 outlook reflects confidence in the resilience of Ghana’s equity market. As the GSE builds on its strong 2024 performance, investors are well-positioned to benefit from the projected gains.
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