The Ghana Stock Exchange (GSE) has called on the Ghanaian diaspora to increase participation in the country’s capital markets.

The exchange cited a strong recovery in investor confidence, rising equity valuations and a resurgence of primary market activity that has already delivered the busiest period for initial public offerings (IPOs) in nearly a decade.

Speaking at the Ghana-UK Investment Summit 2026 in London, GSE Managing Director Abena Amoah said Ghana’s diaspora community has a significant opportunity to participate in the country’s capital market growth as economic conditions improve and investor appetite strengthens.

“The Ghanaian diaspora is not on the sidelines of this story – they are central to it,” Amoah said during a presentation themed ‘Restoring Investor Confidence to Unlock Opportunities and Shared Prosperity’.

Her remarks come as the country’s equity market continues to record strong gains following improvements in macroeconomic stability, declining inflation and recovery of the banking sector after the Domestic Debt Exchange Programme (DDEP).

According to GSE, the benchmark GSE Composite Index has returned 63.4 percent year-to-date, ranking as the world’s second-best performing equity market as of May 2026.

The exchange also reported that three IPOs were completed within the first six months of the year, raising approximately GH¢2billion – equivalent to about US$182million and marking the most active primary issuance period in almost ten years.

Amoah said this recent activity demonstrates renewed confidence among issuers and investors and reflects the resilience of Ghana’s capital market infrastructure.

The equities market currently has a capitalisation of about GH¢263billion while the fixed-income market is valued at GH¢253billion.

Amoah noted that the exchange’s 35 years of ISO-certified market infrastructure continues to provide a foundation for investor protection and market efficiency.

“We have the infrastructure in place and the momentum is building,” she said, urging diaspora investors to consider opportunities across both listed equities and fixed-income instruments.

The call comes as market analysts project further gains for the local bourse despite some moderation in recent months.

Data from Databank Asset Management show the GSE Composite Index reached an all-time high of 15,908.77 points earlier this year, representing an 81.39 percent year-to-date return before profit-taking reduced gains.

The index ended the first quarter at 13,060.13 points, still delivering a return of 48.91 percent.

The financial sector has been a major driver of the rally. The GSE Financial Stocks Index more than doubled on a year-on-year basis as banks resumed dividend payments and strengthened balance sheets following the DDEP restructuring.

Databank attributed the market’s performance to positive investor sentiment, improving corporate earnings, disinflation and a relatively stable monetary environment.

However, analysts noted that some investors shifted funds into government securities following the issuance of a seven-year Treasury bond, while post-dividend qualification sell-offs also weighed on stock prices.

Despite those pressures, market breadth remains strong. Twenty-two listed equities recorded gains during the first quarter against only one decliner, with financial stocks accounting for more than half of the gainers.

Databank maintains a positive outlook for the market and forecasts the GSE Composite Index could end 2026 around 16,000 points, implying annual gains of approximately 81 percent.

The favourable outlook is underpinned by expectations of continued economic recovery, stronger corporate earnings and growing demand for dividend-paying stocks.

Analysts also expect banks to shift from balance-sheet repair toward earnings growth, supported by digital financial services, transaction-based income and improved operating efficiency.

Nevertheless, risks remain. Market participants continue to monitor currency stability, fiscal performance, inflation developments and global financing conditions.

Analysts have also warned that higher oil prices, external shocks and renewed pressure on the cedi could affect investor sentiment and slow the pace of market gains.