President Mahama rings London bell as GSE hits world's top two
President John Dramani Mahama has highlighted Ghana’s significant economic turnaround and growing prominence in global financial markets.
He said the strong performance of the Ghana Stock Exchange (GSE) and improving macroeconomic indicators were evidence of renewed investor confidence.
Speaking during a visit to the United Kingdom, where he rang the opening bell at the London Stock Exchange, President Mahama described the occasion as a significant milestone reflecting Ghana’s rising profile in international finance.
He said the GSE was experiencing a renaissance after years of subdued activity, noting that the GSE Composite Index recorded a return of 63.4 per cent as of May 2026, making it the second-best performing equity market globally.
This impressive performance, he said, signalled a strong recovery of Ghana’s capital market, which had remained largely dormant for the past seven years.
IPOs
The President further pointed to three landmark Initial Public Offerings (IPOs) that have revitalised the market.
“The GSE is in a renaissance. As of May 2026, the GSE Composite Index returned 63.4 per cent, ranking second among the world's equity markets. After seven years of dormancy, our primary market has revived.
The GSE saw three landmark IPOs: First Atlantic Bank PLC, Zen Petroleum, and the upcoming Kasapreko PLC listing in six months, raising GH¢2 billion and signalling strong investor confidence,” he stated.
President Mahama attributed the renewed optimism to efforts by his administration to restore economic stability following the challenges that confronted the country in early 2025.
He recalled that when he assumed office in January 2025, the economy was facing significant headwinds, including high inflation and declining confidence among investors and businesses.
However, he said decisive policy measures had helped reverse the trend, with inflation falling sharply from 54.1 per cent to 3.4 per cent over the period.
He also noted that the Ghana cedi had stabilised while interest rates continued to decline, creating a more predictable environment for investment and business growth.
“These achievements are creating a predictable environment in which businesses can thrive,” he said.
He further reiterated that Ghana was open for business and urged both local and international investors to take advantage of emerging opportunities in the economy.
“Ghana is stable, Ghana is growing, and this is the time to join us on this journey of opportunity and shared success,” he added.