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MTN Ghana plunges GH¢0.59, GCB tumbles GH¢4.57 as GSE suffers sharpest decline of the year

Kweku Zurek Business News Mar - 25 - 2026 , 17:00

The Ghana Stock Exchange (GSE) suffered its sharpest decline in recent memory on Wednesday (March 25, 2026), with the GSE Composite Index (GSE-CI) plummeting 875.85 points to close at 14,440.81, as investors embarked on a broad-based profit-taking spree that wiped out weeks of gains.

Trading data for the 7,178th session, held on March 25, 2026, revealed a market in full retreat, with the GSE Financial Stocks Index (GSE-FSI) shedding 321.87 points to settle at 9,085.45.

Market capitalisation contracted sharply to GH¢269.90 billion, down from Tuesday's GH¢284.82 billion, reflecting the severity of the sell-off.

Total volume of shares traded for the session reached 2,351,584, with aggregate value hitting GH¢6,292,958.09.

MTN Ghana leads decliners

Scancom PLC (MTNGH) bore the brunt of the selling pressure, plunging by GH¢0.59 to close at GH¢5.91. The telecommunications giant remained the most actively traded counter, with 284,788 shares changing hands, contributing GH¢1,685,677.51 to total market value—the highest contribution of the session despite the steep decline.

GCB Bank PLC (GCB) tumbled by GH¢4.57 to close at GH¢41.20, while TotalEnergies Marketing Ghana PLC (TOTAL) shed GH¢2.89 to GH¢36.91.

Ecobank Transnational Inc. (ETI) declined by GH¢0.22 to GH¢2.00, while Fan Milk PLC (FML) fell GH¢0.18 to GH¢13.61. SIC Insurance Company PLC (SIC) dropped GH¢0.26 to GH¢3.83, and Ecobank Ghana PLC (EGH) edged down GH¢0.52 to GH¢50.00.

Republic Bank (Ghana) PLC (RBGH) declined by GH¢0.04 to GH¢5.34, while Enterprise Group PLC (EGL) shed GH¢0.11 to GH¢12.00.

BOPP holds steady at GH¢100

Benso Palm Plantation PLC (BOPP) remained a beacon of stability, holding firm at GH¢100.00 with no price change. The agricultural sector star, which became the first Ghanaian stock to cross the GH¢100 barrier in the previous week, saw 1,513 shares change hands, contributing GH¢151,500 to total market value.

GOIL records lone gain

Ghana Oil Company Limited (GOIL) was the sole gainer of the session, adding GH¢0.01 to close at GH¢7.86, providing a rare bright spot in an otherwise bleak trading day.

Unchanged stocks

Several stocks recorded no price movement during Wednesday's session, including Access Bank (ACCESS), Agricultural Development Bank (ADB), AngloGold Ashanti (AGA), Aluworks (ALW), Asante Gold Corporation (ASG), Atlantic Lithium (ALLGH), Clydestone (CLYD), Camelot (CMLT), Cocoa Processing Company (CPC), Dannex Ayrton Starwin (DASPHARMA), First Atlantic Bank (FAB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Standard Chartered Bank (SCB), Societe Generale Ghana (SOGEGH), Trust Bank Gambia (TBL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

On the Ghana Alternative Market, all stocks remained unchanged.

Market summary

The GSE-CI has now gained 64.66 per cent since the start of the year, while the financial stocks index remains up 95.51 per cent, despite Wednesday's steep correction.

Wednesday's session marked the second consecutive day of heavy selling following the Eid-ul-Fitr holiday, with investors taking profits across the board. The sharp decline in MTN Ghana—one of the market's most heavily weighted stocks—was the primary driver of the index's plunge, with the telecommunications giant shedding nearly 10 per cent of its value in a single session.