Financial Markets Record Strong Week as T- Bills Gain Momentum
By Praisebell Rosemond Larbi
Ghana’s financial markets recorded a strong performance in the first full trading week of February, as renewed investor confidence drove gains across equities and fixed-income securities, lifting market capitalisation and trading volumes.
During the week of February 2 to February 6, 2026, activity on the Ghana Stock Exchange (GSE) gathered momentum steadily, culminating in a robust close on Friday. The benchmark GSE Composite Index (GSE-CI) rose by 152.18 points, representing a 1.69 percent gain, to close the week at 9,152.65 points, up from 9,000.47 points at the start of the week. Market capitalisation increased correspondingly from GH¢178.97 billion to GH¢180.74 billion.
Trading opened cautiously on Monday, with 1.38 million shares valued at GH¢2.88 million changing hands. The market remained largely stable, reflecting measured investor positioning at the start of the week. On Tuesday, activity picked up slightly as 2.4 million shares worth GH¢12.8 million were traded, nudging the index marginally higher to 9,007.04 points.
The midweek sessions marked a decisive shift in market sentiment. On Wednesday, trading volumes surged sharply, with 26.3 million shares valued at GH¢111.6 million exchanged. This lifted the GSE-CI to 9,023.61 points and pushed market capitalisation to GH¢180.07 billion. Momentum strengthened further on Thursday, as 35.4 million shares worth GH¢156.8 million were traded, raising market capitalisation to GH¢180.58 billion.
Although trading volumes eased on Friday, with 2.9 million shares valued at GH¢8.45 million changing hands, the market closed the week strongly, underlining sustained investor confidence.
The GSE Financial Stocks Index (GSE-FSI) also recorded gains, rising by 45.15 points to close at 5,036.96, reflecting continued strength in banking and insurance equities.
The fixed-income market posted equally impressive results. Total trades for the week climbed to GH¢11.43 billion, representing a 28.34 percent increase compared to the previous week. Treasury bills dominated activity, surging by 235 percent to GH¢6.72 billion, as investors showed a strong preference for short-term and liquid instruments.
In contrast, trading in new government bonds declined by 38.27 percent, while activity in old bonds fell by 44.05 percent, indicating a shift in investor strategy amid evolving interest rate expectations. Corporate securities recorded trades worth GH¢266 million, up 30.14 percent, while Securities Borrowing and Borrowing (SBB) instruments rose sharply by 63.22 percent to GH¢504.7 million.
Overall, the strong performance across equities and fixed-income securities reflects improving liquidity conditions, positive investor sentiment, and a firm start to February for Ghana’s financial markets.
