The NewGold Exchange Traded Fund (GSE) topped all assets on the Ghana Stock Exchange (GSE) to return an impressive 20.8% in March and 35.9% for the year overall. The ETF is an Absa Capital-sponsored exchange traded fund on the GSE whose returns are determined by the global price of gold. It therefore tends to perform well when the Ghana Cedi struggles against its major trading partners.
Stocks overall are up 10.41% for the year while financial stocks are up 5.25%. See how all stocks performed below.
| Equity | Share Price (GH¢) | March Returns | Full Year Returns |
| NewGold Issuer Limited | 297.01 | 20.8% | 35.9% |
| MTN Ghana Ltd | 1.58 | 12.9% | 12.9% |
| Unilever Ghana Limited | 11.85 | 10.1% | 46.1% |
| Access Bank Ghana | 4.45 | 9.9% | 30.9% |
| Ghana Commercial Bank Limited | 3.43 | 0.9% | 0.9% |
| Ecobank Ghana Ltd | 6.1 | 0.8% | 10.9% |
| AngloGold Ashanti Limited | 0.41 | 0.0% | 0.0% |
| Agricultural Development Bank | 5.06 | 0.0% | 0.0% |
| AngloGold Ashanti Limited | 37 | 0.0% | 0.0% |
| Aluworks LTD | 0.1 | 0.0% | 0.0% |
| Asante Gold Corp | 8.89 | 0.0% | 0.0% |
| Benso Oil Palm Plantation Ltd | 21.53 | 0.0% | -2.1% |
| Clydestone (Ghana) Limited | 0.03 | 0.0% | 0.0% |
| Camelot Ghana Ltd | 0.1 | 0.0% | 0.0% |
| Cocoa Processing Company | 0.02 | 0.0% | 0.0% |
| DASPHARMA | 0.38 | 0.0% | -5.0% |
| Digicut | 0.09 | 0.0% | 0.0% |
| Enterprise Group Limited | 2.39 | 0.0% | 0.0% |
| Ecobank Transnational Incorporation | 0.15 | 0.0% | 0.0% |
| Guinness Ghana Breweries Ltd. | 4.44 | 0.0% | 30.6% |
| Ghana Oil Company Limited | 1.5 | 0.0% | 0.0% |
| HORDS LTD | 0.1 | 0.0% | 0.0% |
| Intravenous Infusions (IIL) | 0.05 | 0.0% | 0.0% |
| Mega African Capital Limited | 5.38 | 0.0% | 0.0% |
| Meridian-Marshalls Holdings | 0.1 | 0.0% | -9.1% |
| Produce Buying Company Ltd. | 0.02 | 0.0% | 0.0% |
| Republic Bank | 0.48 | 0.0% | 0.0% |
| Samba Foods Ltd | 0.55 | 0.0% | 0.0% |
| Standard Chartered Bank Ghana Ltd. | 19.25 | 0.0% | 9.7% |
| Standard Chartered Bank Ghana Ltd – Preference Shares | 0.9 | 0.0% | 0.0% |
| SIC Insurance Company Limited | 0.24 | 0.0% | 0.0% |
| Societe Generale Ghana Limited | 1.57 | 0.0% | 0.0% |
| Trust Bank Limited (THE GAMBIA) | 0.82 | 0.0% | 0.0% |
| Tullow Oil Plc | 11.92 | 0.0% | 0.0% |
| Total Petroleum Ghana Ltd | 9.5 | 0.0% | 5.6% |
| Fan Milk Limited | 3.2 | -3.0% | -1.5% |
| CAL Bank Limited | 0.42 | -16.0% | -12.5% |
Mr. Jerome, thanks for this information and heads up.
I have a quick question:
Can you please write an article or maybe a reply to explain why some companies in Ghana are not listed on the Ghana stock market?
Also, is there any way to purchase their shares apart from using the GSE?
Thank you.