These 10 companies offered the best returns on the Ghana Stock Exchange so far in 2024

As the Ghana Stock Exchange (GSE) closes the year, investors are reflecting on standout performers that provided exceptional returns in 2024. 

Based on percentage change in stock prices, these 10 companies emerged as the best performers on the GSE in 2024 so far (December 20, 2024):  

1. UNIL – 121.82% growth

Unilever Ghana Plc (UNIL) delivered a stellar performance, with its stock price climbing from GH₵8.11 to GH₵17.99. This 121.82 percent increase positions UNIL as the top-performing stock for 2024.  

2. ETI – 106.67% growth

Ecobank Transnational Incorporated (ETI) followed closely, doubling its value from GH₵0.15 to GH₵0.31, recording a 106.67 percent rise.  

3. GCB – 86.76% growth

GCB Bank Plc (GCB) saw significant gains, with its stock price increasing from GH₵3.40 to GH₵6.35, reflecting an 86.76 percent growth.  

4. GLD – 83.52% growth

The NewGold ETF (GLD) also had a strong year, appreciating by 83.52 percent, from GH₵218.50 to GH₵401.00.  

5. MTNGH – 75.00% growth

MTN Ghana (MTNGH) saw its stock rise from GH₵1.40 to GH₵2.45, achieving a 75.00 percent increase and maintaining its dominance in the telecommunications sector.  

6. GGBL – 50.00% growth

Guinness Ghana Breweries Limited (GGBL) enjoyed a 50.00 percent surge, moving from GH₵3.40 to GH₵5.10.  

7. TOTAL – 45.78% growth

TotalEnergies Marketing Ghana Plc (TOTAL) recorded a 45.78 percent increase in its stock price, climbing from GH₵9.00 to GH₵13.12.  

8. CMLT – 40.00% growth

Camelot Ghana Ltd (CMLT) saw a 40.00 percent rise, with its stock price increasing from GH₵0.10 to GH₵0.14.  

9. ACCESS – 39.71% growth

Access Bank Ghana Plc (ACCESS) continued its strong showing on the GSE, rising from GH₵3.40 to GH₵4.75, a 39.71 percent gain.  

10. RBGH – 37.50% growth

Republic Bank Ghana (RBGH) rounded out the top 10, growing from GH₵0.48 to GH₵0.66, a 37.50 percent increase.  

Overall market performance

The GSE Composite Index recorded a Year-To-Date (YTD) growth of 53.67 percent, while the Financial Stock Index achieved a 24.64 percent rise.  

These top-performing stocks reflect investor confidence and the resilience of the Ghanaian stock market. As we look forward to 2025, these companies set the benchmark for excellence and growth in Ghana’s financial markets.  

**Source:** Ghana Stock Exchange (as of December 20, 2024).