The Ghana Stock Exchange wrapped up its latest weekly trading session with a major bullish surge, as CalBank Plc delivered an extraordinary post-restructuring rebound and COCOBOD’s Cocoa Capital Plc completed a historic GH¢16.3 billion listing.
The Ghana Stock Exchange (GSE) wrapped up its latest weekly trading session with a major bullish surge. The benchmark GSE Composite Index (GSE-CI) added 227.77 points (1.64%) to finish at 14,394.77 points, locking in a staggering year-to-date (YTD) gain of 64.13%.
The total market capitalization recovered sharply to end the week at GH¢271.26 billion. This market resurgence is backed by an upgraded IMF economic growth forecast for Ghana to 5.7% and a massive influx of new listings and capital raises crossing GH¢5 billion.
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While critics thought the banking sector recovery would stall, the latest financials on the Ghana Stock Exchange tell a completely different story.
CalBank Plc (GSE: CAL) Financials
CalBank Plc released its highly anticipated 9-month unaudited financials, demonstrating an extraordinary post-restructuring rebound.
Net Profits
| Metric | Performance |
|---|---|
| Profit Before Tax (Bank) | GH¢477.3 million (+34%) |
| Net Profit (Bank) | GH¢321.7 million |
| Net Profit (Group) | GH¢337.2 million (+51%) |
Top-line Growth
Operating Income surged 74% to GH¢971.8 million, led by a 70% spike in Net Interest Income (GH¢511.4 million) and an explosive 185% jump in Net Trading Income to GH¢253.5 million.
Balance Sheet Health
-
Total Customer Deposits grew 27% to GH¢11.1 billion
-
Total Assets expanded 34% to hit GH¢14.5 billion
Asset Quality
The standout metric for investors is the Non-Performing Loan (NPL) ratio, which plunged dramatically to 8.5%, showing excellent credit control.
Cocoa Capital Plc — The Historic GH¢16.3 Billion Listing
One of the largest stories driving capital market discussions is the formal admission of Cocoa Capital Plc to the Ghana Stock Exchange.
The Structure: A wholly owned special purpose vehicle of the Ghana Cocoa Board (COCOBOD), Cocoa Capital launched a historic GH¢16.30 billion bond and commercial paper programme.
The Issuance: The exchange officially admitted Series 01 Tranche 01 of its 266-day Senior Unsecured Fixed Rate Commercial Paper. This landmark issuance raised GH¢3.39 billion locally.
The Takeaway: This is a tectonic shift in cocoa financing. COCOBOD is intentionally shifting away from expensive offshore dollar syndications to tap into domestic cedi liquidity. This protects the national currency and creates high-yield fixed-income assets locally.
Access Bank Ghana Plc (GSE: ACCESS) Dividend Framework
The GSE published regulatory notice PR-406 regarding Access Bank Ghana Plc’s final dividend distribution framework.
Following shareholder adoption at their recent Annual General Meeting, the final dividend distribution mechanics have entered their terminal verification cycle with the Bank of Ghana. This notice establishes the critical qualification dates and register closures that retail investors need to monitor to capture the payout.
Key Figures at a Glance
| Indicator | Value |
|---|---|
| GSE-CI Weekly Close | 14,394.77 (+1.64%) |
| YTD Gain | 64.13% |
| Market Capitalization | GH¢271.26 billion |
| IMF Growth Forecast | 5.7% |
| CalBank Group Net Profit | GH¢337.2 million (+51%) |
| CalBank NPL Ratio | 8.5% |
| Cocoa Capital Programme | GH¢16.30 billion |
| First Tranche Raised | GH¢3.39 billion |
Source: Accra Street Journal
Last Updated on October 19, 2026 by Samuel Kwame Boadu
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Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
