Ghana Stock Exchange, Stock exchange in Accra, Ghana

The Ghana Stock Exchange occupies a tower with alternating light beige bands and dark vertical window strips, a dark reddish-brown fin on its left corner, and a lower base signed "GHANA STOCK EXCHANGE" above recessed dark glass. A second building shows "GSE" and "GHANA STOCK EXCHANGE" near the top and "State Insurance Company" on a smaller structure below.

The exchange was established in 1989 to provide a regulated market for securities in the country. It quickly gained international recognition as one of the strongest performing emerging markets in Africa.

The GSE runs two listing tiers: the Official List and the Ghana Alternative Market (GAX), the latter created for small and medium-sized businesses under lighter requirements. Manufacturing and brewing companies dominate the listings, followed by banking, then insurance, mining and petroleum. Most listed firms are Ghanaian, with a few multinationals among them.

The exchange's offices are at Cedi House on Liberia Road, where it moved in September 1993. Equity trading runs on working days from 10:00 a.m. to about 3:00 p.m. Ghana time, after a pre-open session from 9:30 a.m.; fixed income trades from 9:00 a.m. to 4:00 p.m. Trading is done through Licensed Dealing Members such as Databank Brokerage, IC Securities Ghana and SIC Brokerage, not directly at the building.

The GSE All-Share Index rose 124% in 1994, and the exchange was named the best-performing emerging market globally by the Fédération Internationale des Bourses de Valeurs in January 1995. The index was replaced in January 2011 by the GSE Composite Index and the GSE Financial Stocks Index, both with a base date of 31 December 2010 and a base value of 1,000.