CalBank PLC delivered sustained growth in 3Q26 with net profit surging 50.6% YoY to GHS 337.18M and accumulated losses shrinking by GHS 245.5M. This slashed the bank's NPL ratio from 26.5% to 8.5%, while its capital adequacy ratio recovered from a negative 1.6% to a robust 18.4%.

The trading week opened on a quiet note as the GSE Composite Index declined by 0.66% and the Financial Stock Index declining by 1.01%. Market activity totaled 904.88k shares valued at GHS 2.35 million, driven mainly by CAL in volume and MTNGH in value.

Lower global diesel prices offer relief, but a weaker cedi limits the gains. Ghana’s GHS 2/litre intervention cushions consumers at a revenue cost. Lasting relief depends on global prices, cedi stability and fuel savings reaching households and businesses.

All five market indices closed lower on Friday, with the GSE-CI falling 0.16% and the GSE-FSI declining 0.33%. KASA led the losers, shedding 4.23%, while IIL gained 1.79%. Trading reached 1.25 million shares worth GHS2.28 million, led by CAL in volume and MTNGH in value.

The market closed higher despite six stocks recording losses, with the GSE-CI gaining 0.18%. KASA led the gainers, jumping 3.85% to GHS1.89, followed by ETI and SIC, which advanced 1.33% and 1.21%, respectively. On the downside, IIL fell 3.45%, while DASPHARMA shed 3.12%.

The GSE-CI continued its decline this week, slipping another 0.31% to 60.83% YTD. Five of seven price movers fell, with DIGICUT losing 6.38% and KASA dropping 3.19%. SIC led the two gainers with a 1.02% rise.

Ghana’s 3Q 2026 saw Cedi depreciation narrow to 3.2%, while domestic bonds returned 19.10% YTD, outperforming Eurobonds. However, global uncertainty and commodity-price volatility remain key risks to the outlook.