Ecobank Transnational Incorporation (ETI) shares on the Ghana Stock Exchange (GSE) have picked up from where they left off in 2024 with a strong 29% return in the first month of 2025. The shares of the banking conglomerate with a presence all across the continent, returned a whopping 107% in 2024. Shares of ETI have been surging since it listed $400 million in eurobonds on the London Stock Exchange back in November.
After shedding 27% in 2024 and being the worst performing stock on the bourse, CAL Bank started the year with a decent 17% stock price rise. This is an early indication that the bank may be on its way to recovery. Rounding up the top 5 performers in January 2025 is MTN and Access Bank both with a 10% return.
Stocks overall returned 6.97% for the month and financial stocks returned 3.97%. See below the performance of all the listed securities on the bourse for January 2025.
| Equity | Share Price (GH¢) | January Returns |
| Ecobank Transnational Incorporation | 0.4 | 29.0% |
| CAL Bank Limited | 0.41 | 17.1% |
| MTN Ghana Ltd | 2.75 | 10.0% |
| Access Bank Ghana | 5.72 | 10.0% |
| NewGold Issuer Limited | 421.96 | 8.1% |
| Ghana Oil Company Limited | 1.59 | 4.6% |
| Enterprise Group Limited | 2.05 | 3.5% |
| Total Petroleum Ghana Ltd | 13.37 | 1.9% |
| Guinness Ghana Breweries Ltd. | 5.6 | 1.8% |
| Ecobank Ghana Ltd | 6.6 | 1.5% |
| GCB Bank Limited | 6.41 | 0.6% |
| AngloGold Ashanti Limited | 0.41 | 0.0% |
| Agricultural Development Bank | 5.06 | 0.0% |
| AngloGold Ashanti Limited | 37 | 0.0% |
| Atlantic Lithium Ltd | 6.12 | 0.0% |
| Aluworks LTD | 0.1 | 0.0% |
| Asante Gold Corp | 8.89 | 0.0% |
| Benso Oil Palm Plantation Ltd | 25.26 | 0.0% |
| CAL Bank Preference Shares | 0.29 | 0.0% |
| Clydestone (Ghana) Limited | 0.03 | 0.0% |
| Camelot Ghana Ltd | 0.14 | 0.0% |
| Cocoa Processing Company | 0.02 | 0.0% |
| DASPHARMA | 0.38 | 0.0% |
| Digicut | 0.09 | 0.0% |
| Fan Milk Limited | 3.7 | 0.0% |
| HORDS LTD | 0.1 | 0.0% |
| Intravenous Infusions (IIL) | 0.05 | 0.0% |
| Mega African Capital Limited | 5.38 | 0.0% |
| Meridian-Marshalls Holdings | 0.1 | 0.0% |
| Produce Buying Company Ltd. | 0.02 | 0.0% |
| Samba Foods Ltd | 0.55 | 0.0% |
| Standard Chartered Bank Ghana Ltd. | 23 | 0.0% |
| Standard Chartered Bank Ghana Ltd – Preference Shares | 0.9 | 0.0% |
| SIC Insurance Company Limited | 0.27 | 0.0% |
| Societe Generale Ghana Limited | 1.5 | 0.0% |
| Trust Bank Limited (THE GAMBIA) | 0.83 | 0.0% |
| Tullow Oil Plc | 11.92 | 0.0% |
| Unilever Ghana Limited | 19.5 | 0.0% |
| Republic Bank | 0.6 | -9.1% |