January 2026 marked a decisive rebound in market activity on the Accra bourse, as the top traded stocks in Ghana attracted renewed investor attention amid improving macroeconomic signals. Trading volumes surged across telecommunications, banking, insurance, and energy counters, reflecting stronger risk appetite and selective bargain hunting by both institutional and retail investors. The month’s activity underscored a shift away from defensive positioning toward high-liquidity names that offer price discovery and exit flexibility.
Top Traded Stocks in Ghana on the Ghana Stock Exchange Ranked by Volume
Below are the top ten traded stocks in Ghana for January 2026, listed strictly in order of trading activity, based on available market data and sector performance trends:
- MTN Ghana (MTNGH)
- CalBank PLC (CAL)
- GCB Bank Limited (GCB)
- SIC Insurance PLC (SIC)
- Ecobank Transnational Incorporated (ETI)
- Clydestone Ghana (CLYD)
- Ecobank Ghana (EGH)
- Societe Generale Ghana (SOGEGH)
- TotalEnergies Marketing Ghana (TOTAL)
- Benso Oil Palm Plantation (BOPP)
This ranking highlights the dominance of financial services and telecommunications in driving overall market liquidity.
MTN Ghana Leads the Top Traded Stocks in Ghana on the Ghana Stock Exchange
MTN Ghana once again emerged as the undisputed market leader, with more than 28.24 million shares traded, valued at approximately GH₵118.6 million. As the largest constituent on the exchange by market capitalisation, MTNGH continues to anchor the top traded stocks in Ghana, benefiting from strong earnings visibility, dividend consistency, and sustained demand from pension funds. Its heavy turnover reinforces MTN’s role as the market’s primary liquidity barometer.
The banking sector was a major contributor to turnover among the top traded stocks in Ghana on the Ghana Stock Exchange, led by CalBank PLC, which traded over 2 million shares in January. GCB Bank followed closely, maintaining its position among the top three by volume, while Ecobank Ghana and Societe Generale Ghana recorded notable trading value during peak sessions. Investor interest in banks reflects expectations of margin recovery, balance sheet clean-up, and improved credit growth as economic conditions stabilise.
SIC Insurance PLC stood out as the most actively traded insurance counter, benefiting from speculative positioning and sector rotation strategies targeting undervalued financials within the top traded stocks in Ghana. Meanwhile, Ecobank Transnational Incorporated (ETI) maintained high turnover despite price volatility, supported by its regional footprint and cross-listing dynamics, which tend to amplify volume during periods of market repositioning.
Clydestone Ghana continued to attract heavy speculative interest following its exceptional 2025 performance, making it one of the more volatile names among the top traded stocks in Ghana on the Ghana Stock Exchange. In contrast, TotalEnergies Marketing Ghana offered steadier trading patterns, reflecting defensive exposure to the energy sector. Benso Oil Palm Plantation rounded out the list as the leading agro-processing stock by activity, reinforcing agriculture’s growing relevance in portfolio diversification strategies.
What This Means for Investors
The concentration of activity in the top traded stocks on the Ghana Stock Exchange reflects growing market confidence but highlights a persistent liquidity gap between blue-chip and smaller-cap stocks. High-turnover counters provide clearer valuations, tighter spreads, and lower execution risk, attracting both retail and institutional investors. Policymakers may see this as early evidence of capital market deepening, supported by stronger domestic participation and improved corporate transparency. Sustaining momentum will require macroeconomic stability, reliable earnings, and continued engagement from long-term domestic funds.
As February trading unfolds, market watchers will be closely tracking whether liquidity begins to broaden beyond the current market leaders or remains concentrated in a familiar set of high-volume names. A wider distribution of trading activity would suggest growing risk appetite and healthier market depth, while continued concentration may reinforce the dominance of established blue chips. Either way, January 2026 has firmly re-established the top traded stocks in Ghana as the central reference point for investor strategy, portfolio positioning, and the overall direction of market sentiment.