April 2026

The Ghana Stock Exchange (GSE) closed the first quarter of 2026 on a subdued note, with the GSE Composite Index (GSE-CI) slipping 35.43 points to finish at 13,060.13, as selling pressure in banking stocks offset gains in telecommunications.

Trading data for the 7,182nd session, held on March 31, 2026, showed elevated activity as investors positioned themselves ahead of the quarter-end, with total volume surging to 6,522,556 shares and aggregate value hitting GH¢39,027,143.05.

Market capitalisation settled at GH¢243.73 billion, reflecting a modest pullback from Monday’s close as the market wrapped up a volatile first three months of the year.

MTN Ghana leads gainers

Scancom PLC (MTNGH) continued its recovery from last week’s steep declines, adding GH¢0.12 to close at GH¢5.40. The telecommunications heavyweight was the most actively traded counter by a wide margin, with 5,425,723 shares changing hands—accounting for more than 83 per cent of all trading activity—and contributing GH¢29,280,069.98 to total market value.

Cocoa Processing Company PLC (CPC) recorded a gain of GH¢0.01 to close at GH¢0.11, while Clydestone (Ghana) PLC (CLYD) traded at GH¢1.08, though its closing price remained unchanged at GH¢0.99.

Banking stocks extend decline

GCB Bank PLC (GCB) led the laggards, plunging GH¢2.99 to close at GH¢27.06, with 233,976 shares traded. Societe Generale Ghana PLC (SOGEGH) fell GH¢0.18 to GH¢6.49, while Ecobank Transnational Inc. (ETI) shed GH¢0.14 to GH¢1.49.

Enterprise Group PLC (EGL) declined by GH¢0.23 to GH¢11.77, while SIC Insurance Company PLC (SIC) dipped GH¢0.04 to GH¢3.30. Ghana Oil Company Limited (GOIL) edged down GH¢0.04 to GH¢7.84, and Standard Chartered Bank Ghana PLC (SCB) eased GH¢0.07 to GH¢71.40.

BOPP holds steady

Benso Palm Plantation PLC (BOPP) maintained its historic triple-digit price level, closing unchanged at GH¢100.00, with 2,849 shares traded, contributing GH¢284,900 to total market value.

Unchanged Stocks

A significant number of stocks recorded no price movement during Tuesday’s session, including Access Bank (ACCESS), Agricultural Development Bank (ADB), AngloGold Ashanti (AGA), Aluworks (ALW), Asante Gold Corporation (ASG), Atlantic Lithium (ALLGH), Cal Bank (CAL), Camelot (CMLT), Dannex Ayrton Starwin (DASPHARMA), Ecobank Ghana (EGH), Fan Milk (FML), First Atlantic Bank (FAB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Republic Bank (RBGH), Trust Bank Gambia (TBL), TotalEnergies (TOTAL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

On the Ghana Alternative Market, all stocks remained unchanged.

Quarter in review

The GSE-CI has now gained 48.91 per cent since the start of the year, while the financial stocks index remains up 71.86 per cent year-to-date, despite the sharp correction from record highs reached in mid-March.

The benchmark index touched an all-time high of 15,908.77 on March 18 before shedding nearly 18 per cent over the subsequent two weeks. The volatility reflected a combination of profit-taking in heavily weighted stocks, particularly MTN Ghana and banking counters, following an extraordinary rally earlier in the quarter.

Tuesday’s session brought the first quarter to a close, with investors now looking ahead to corporate earnings announcements and the broader macroeconomic outlook for the remainder of the year.

Source : www.graphic.com.gh

Adoption of the Income Statements and the Balance Sheets
The AGM resolved to adopt the Income Statement and the Balance Sheet for the Company as well as the Consolidated Income Statement and the Consolidated Balance Sheet for the Group for 2025.

Dividend
The proposed dividend of SEK 3.00 per share was approved by the AGM. The dividend will be paid in two installments: SEK 1.50 per share with the record date April 2, 2026, and SEK 1.50 per share with the record date September 29, 2026. Euroclear Sweden AB is expected to disburse SEK 1.50 per share on April 9, 2026, and SEK 1.50 per share on October 2, 2026.

Remuneration report
The AGM resolved to adopt the Board of Directors’ remuneration report for 2025.

Discharge from liability
The members of the Board and the President were discharged from liability for the financial year 2025.

Board of Directors
The AGM elected Board members in accordance with the proposal of the Nomination Committee. Jan Carlson was re-elected as Chair of the Board and Jon Fredrik Baksaas, Christian Cederholm, Börje Ekholm, Eric A. Elzvik, Marachel Knight, Kristin S. Rinne, Jonas Synnergren, Jacob Wallenberg, Christy Wyatt and Karl Åberg were re-elected as Board members. It was also noted that the unions have appointed Ulf Rosberg, Loredana Roslund and Annika Salomonsson as employee representatives in the Board of Directors with Frans Frejdestedt, Andreas Larsson and Stefan Wänstedt as deputies.

Board of Directors’ Fees
The AGM resolved on fees to the Board of Directors, in accordance with the Nomination Committee’s proposal, entailing a yearly fee of SEK 5,200,000 to the Chair of the Board, and fees of SEK 1,400,000 to each of the other non-employee members of the Board, elected by the AGM. Fees for Committee work to non-employee members of the Committees, elected by the AGM, were approved as follows: SEK 600,000 to the Chair of the Audit and Compliance Committee and SEK 335,000 to each of the other members of the Audit and Compliance Committee, SEK 250,000 to the Chair of the Enterprise Business and Technology Committee and SEK 205,000 to each of the other members of the Enterprise Business and Technology Committee, SEK 240,000 to each of the Chairs of the Finance Committee and the Remuneration Committee, and SEK 200,000 to each of the other members of the Finance Committee and the Remuneration Committee.

In addition to the fees described above, the AGM resolved, in accordance with the Nomination Committee’s proposal, that additional compensation be paid to non-employee Board members elected by the AGM for each physical Board meeting attended in Sweden as follows: 

Residence of Board member	Compensation per meeting
Nordic Countries	None
Europe (non-Nordic)	EUR 2,000
Outside of Europe	USD 5,000

The AGM approved the Nomination Committee’s proposal that part of the fees to the members of the Board, in respect of their Board assignment (excluding fees for Committee work and meeting fees), may be paid in the form of synthetic shares.

Auditor
The AGM re-elected Deloitte AB as auditor for the period up until the end of the AGM 2027 and approved the Nomination Committee’s proposal for the auditor fees. 

Long-Term Variable Compensation Programs
Long-Term Variable Compensation Program 2026 (LTV 2026)
The AGM resolved to approve the Board of Directors’ proposal on: 

• implementation of LTV 2026 for the Executive Team, including the President and CEO, and for employees classified as Executives (currently approximately 180 employees) comprising a maximum of 7.4 million B-shares in Ericsson. “Performance Share Awards” will be granted free of charge entitling the participant to receive a number of shares, free of charge, following the expiration of a three-year vesting period, provided that certain performance conditions are met and that the participant retains his or her employment. The 7.4 million B-shares covered by LTV 2026 correspond to approximately 0.22 percent of the total number of registered shares of the Company;

• transfer of no more than 6.2 million B-shares, free of consideration, to employees covered by the terms of LTV 2026, with an authorization for the Board of Directors to decide to, in conjunction with the delivery of vested shares under LTV 2026, prior to the AGM 2027, retain and sell no more than 70% of the vested B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the Performance Share Awards for remittance to revenue authorities; and
• authorization for the Board of Directors to decide to transfer no more than 1.2 million B-shares on Nasdaq Stockholm, prior to the AGM 2027 at a price within the, at each time, prevailing price interval for the share, to cover certain expenses, mainly social security payments.

Amendment of the terms of the Long-Term Variable Compensation Program LTV 2025
The AGM resolved to approve the Board of Directors’ proposal on:

• an amendment of the terms of LTV 2025 to adapt the terms to the new performance measure that will be used due to the Company’s planned implementation of IFRS 18;
• transfer of no more than 10.9 million B-shares, free of consideration, to employees covered by the terms of LTV 2025, with an authorization for the Board of Directors to decide to, in conjunction with the delivery of vested shares under LTV 2025, prior to the AGM 2027, retain and sell no more than 70% of the vested B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the Performance Share Awards for remittance to revenue authorities; and
• authorization for the Board of Directors to, prior to the AGM 2027, decide to transfer no more than 1.8 million B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, to cover certain expenses, mainly social security payments.

Authorizations on transfer of treasury stock on an exchange for previously resolved LTV programs I 2023, II 2023 and 2024
The AGM resolved to approve the Board of Directors’ proposals on: 

• authorization for the Board of Directors to decide to, prior to the AGM 2027, transfer of no more than 3.5 million B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, to cover certain expenses, mainly social security payments, which may occur in relation to the previously resolved and ongoing LTV programs LTV I 2023, LTV II 2023 and LTV 2024; and 
• authorization for the Board of Directors to decide to, in conjunction with the delivery of vested shares under, LTV I 2023, LTV II 2023 and LTV 2024, prior to the AGM 2027, retain and sell no more than 70% of the vested B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the Performance Share Awards for remittance to revenue authorities. 
• Purchase of own shares
  The AGM resolved to approve the Board of Directors’ proposal on authorization for the Board of Directors to, on one or several occasions prior to the AGM 2027, decide on the purchase of the Company’s own shares of series B. The number of shares purchased must at no time result in the Company’s holding exceeding 10 percent of all the shares in the Company. The purchases are to be made on Nasdaq Stockholm in accordance with the price limitations set out in Nasdaq Nordic Main Market Rulebook for Issuers of Shares. The purpose of the authorization is to give the Board of Directors wider freedom of action in the work with the Company’s capital structure and thereby contribute to increased shareholder value, as well as to enable purchases of shares to be used within the framework of the Company’s share-related incentive programs. 
• Shares and votes
  There are in total 3,371,351,735 shares in the Company; 261,755,983 A-shares and 3,109,595,752 B-shares, corresponding to in total 572,715,558.2 votes. The Company’s holding of treasury stock as of March 31, 2026, amounts to 38,002,276 B-shares, corresponding to 3,800,227.6 votes.

Source : www.ericsson.com

Huawei rotating chairwoman Meng Wanzhou outlined confidence in the vendor’s strategy despite facing up to an uncertain future, as the company reported 2025 revenue and net profit which it said was in line with forecasts.

In light of looming challenges, Meng said: “We have to remain true to our strategy and maintain our strategic focus. We will translate strategy to execution, keep cultivating the developer ecosystem and pursue high-quality development.”

In the company’s annual report, Meng said 2025 performance remained “steady”, with revenue increasing 2.2 per cent year-on-year to CNY880.9 billion ($126 billion). Net profit reached CNY68 billion, up from CNY62.6 billion. 

Breaking out business segments, there were slight gains in ICT Infrastructure and Consumer, growing 2.6 per cent and 1.6 per cent to CNY375 billion and CNY344.5 billion respectively.

Its Intelligent Automative Solution division experienced the strongest growth, up 72.1 per cent to CNY45 billion, while Cloud Computing dropped 3.5 per cent to CNY32.2 billion.

Meng pointed out its connectivity business “weathered the impact of industry investment cycles”, while adding its computing unit was beginning to tap into the AI opportunity.

On consumer, she said it worked to overcome “formidable challenges”, pointing to the HarmonyOS ecosystem which crossed “a new threshold in user experience”. 

More than 36 million devices ran HarmonyOS 5 and HarmonyOS 6 at the end of 2025, with more than 10 million developers signed up to the platform, added Huawei.

Patents and R&D
Huawei revealed its R&D expenses totalled CNY192.3 billion, representing 21.8 per cent of total revenue, with 114,000 employees working in the division by the end of 2025.

In total, the company said it has spent CNY1.4 trillion on R&D over the last decade.

This outlay has led to the company holding 165,000 active granted patents, and by the end of 2025 Huawei signed more than 260 licence agreements.

Source : www.mobileworldlive.com

African ministers and partners have adopted a declaration agreeing to develop telecoms infrastructure as a strategic pan-African foundation for sovereignty, resilience, inclusion and economic transformation.

The Algiers Declaration on African Telecommunications Sovereignty and Integrated Connectivity (2026–2030) was adopted on Sunday in Algiers at the end of a ministerial summit during the first Global Africa Tech event, which wrapped up on Monday.

The declaration lays out a shared commitment to deliver meaningful and affordable connectivity for all, with priority to rural and underserved communities.

The declaration also calls for building integrated continental infrastructure that links terrestrial, subsea and satellite networks; strengthening local digital infrastructure such as data centres, internet exchange points and trusted cloud capabilities; and protecting critical telecoms infrastructure and enhancing resilience and cybersecurity.

Signatories also pledged to promote trusted, secure, and interoperable digital ecosystems, and invest in human capital and local industry to anchor long-term digital sovereignty.

William Kabogo Gitau, cabinet secretary for Kenya’s Ministry of Information, Communications and the Digital Economy (MICDE), said in a Facebook post on Sunday that the Algiers Declaration recognises that the digital divide is not only a development challenge, but a question of sovereignty and that inclusion and sovereignty must advance together.

“As a continent, we must now focus on implementation, coordination, and measurable progress ensuring that this shared vision translates into tangible outcomes for our citizens,” Gitau said. “Africa is moving with clarity and purpose towards a connected, resilient, and sovereign digital future.”

Five priorities for the work ahead

The Algeria Declaration builds on the African Union’s Digital Transformation Strategy (2020–2030), which calls for inclusive, secure, and scalable digital platforms as the foundation for long-term growth and for enabling digital transformation strategies adopted by governments across the continent.

Selma Malika Haddadi, deputy chairperson of the AU’s African Union Commission (AUC), said in a keynote address at Global Africa Tech on Saturday that while various countries across Africa have made individual progress in developing their own digital infrastructure and striking interconnectivity agreements, more needs to be done to unify those efforts for Africa as a whole to reach its full digital potential.

“No matter how interoperable our systems become, no matter how advanced our networks grow, no matter how many platforms, protocols and networks we develop, they will remain incomplete if they are not underpinned by a shared continental and political will,” Haddadi said. “We cannot build systems that connect Africans if we remain disconnected in vision. We cannot build a trusted continental infrastructure without also building trust in one another. We cannot speak of interoperability while tolerating fragmentation of purpose. Pan-Africanism reminds us that Africa rises most strongly when it acts in coherence.”

Haddadi illustrated the scope of the work ahead with statistics from the International Telecommunication Union (ITU) showing that mobile broadband covered 86% of Africa’s population at the end of 2024, yet 14% still had no way of connecting at all, especially in rural areas where that figure rose to 25%.

“Even more telling is the usage gap: millions live within network coverage, yet remain excluded by the cost of devices, the cost of data, limited digital skills, and low trust in digital systems,” she said. “This is not a marginal issue for the Africa we are building.”

Haddadi outlined five priorities that should guide work going forward: a resilient and diversified connectivity architecture across land, sea, and emerging space-based systems, closing the usage gap with affordable services and digital literacy, localisation of compute and data capacity, interoperability and reduction of regulatory fragmentation, and cross-border spectrum and technical coordination.

“The moving pieces are already in place,” she said. “What is now required is disciplined alignment, deliberate investment, and collective resolve.”

Source : www.developingtelecoms.com

The Telecel Ghana Foundation has conducted free antenatal outreach under its Rural Ultrasound Scan initiative at the Naaha Health Centre in the Wa West District of the Upper West Region.

Maternal health professionals performed ultrasound scans and provided prenatal  education and specialist consultations to 134 expectant mothers from the host community and surrounding areas, including Ga, Kulmasa, Tanina, Kunfabiala and Dadafuri, among others.

Organised in collaboration with DMAC Foundation, the Rural Ultrasound initiative aims to improve access to essential maternal healthcare services in rural communities where diagnostic facilities are limited.

Expectant mothers receive early pregnancy assessments, childbirth guidance and health referrals, where necessary, to support safe and healthy pregnancies.

Speaking on the impact of the initiative, Sahaji Swaidin, public health nurse in charge of the Naaha sub-district, highlighted the urgent need for such interventions in the community.

“This initiative came at a very vital time. We are in dire need of antenatal support for our pregnant women. Most women in the Naaha community must travel long distances to Wa and other areas to access maternal care. We are grateful to Telecel Foundation and DMAC Foundation for bringing this support closer to our women,” Mr Swaidin said.

Majid Wasiwa, a pregnant resident from a far-flung community in Wa East, travelled over 130 kilometres to Naaha to benefit from the initiative. “I am very happy to get the opportunity to be scanned. I came from Yaro, which is quite far from Naaha, just to access this service.”

Rita Agyeiwaa Rockson, Head of Foundation, Sustainability and External Communications at Telecel Ghana, noted that the initiative forms part of the Foundation’s Connected Health pillar and aligns with Sustainable Development Goal 3.1, which focuses on reducing the global maternal mortality ratio.

The global aim is to reduce the maternal mortality ratio to less than 70 per 100,000 live births by 2030.

“This initiative is about ensuring that no expectant mother is left behind due to distance or cost. By bringing ultrasound services directly to communities, we are enabling early detection of pregnancy-related illnesses, improving maternal health outcomes, and supporting safer pregnancies,” she said.

Through its Rural Ultrasound Scan initiative, Telecel Foundation is driving meaningful impact in maternal health, ensuring that distance is no longer a barrier to timely diagnosis, proper care and safer pregnancies.

The Rural Ultrasound initiative is a life-saving programme for expecting mothers in underserved communities, as it helps to bridge the healthcare access gap and alleviate the financial burden of maternal healthcare on women.

Source : www. citinewsroom.com

MTN Group has joined a USD 45 million Series A funding round in ORAN Development Corporation (ODC), a United States-based company building what it describes as the first artificial intelligence (AI)-native, open-architecture radio access network platform, with the investment reflecting the continent’s growing push toward next-generation network infrastructure.

The round, announced on March 26, 2026, was led by a global syndicate that included Booz Allen Hamilton, Cisco, Nokia, and NVIDIA, alongside telecoms operators AT&T, MTN Group, and Telecom Italia. Phoenix Venture Partners and prior investors linked to Cerberus Capital Management also participated.

ODC will use the capital to accelerate commercial deployment of its Odyssey Radio Access Network (RAN) platform, a software stack that integrates wireless connectivity with AI processing at the network edge. The company describes its approach as a Distributed Compute Grid, aimed at transforming telecom infrastructure into a network of AI processing hubs capable of supporting applications ranging from industrial robotics to autonomous systems and generative AI.

For Africa, the investment carries particular significance. Mazen Mroue, Chief Executive Officer (CEO) of MTN Digital Infrastructure, said AI-RAN represents a leapfrog opportunity to deliver world-class intelligence from large cities to remote rural villages across the continent. “This isn’t just about connectivity; it’s about building the distributed AI compute foundation required to accelerate financial inclusion, industrial autonomy, and local innovation, serving as a true force-for-good and supporting the development of Sovereign AI across the continent,” he said.

Nokia’s Chief Technology and AI Officer, Pallavi Mahajan, said the investment reflects the direction the industry is heading, toward more software-driven, AI-ready platforms that can support both 5G and 6G networks. Cisco’s Senior Vice President and General Manager for Provider Mobility, Masum Mir, said AI decision-making moving to the edge makes the mobile network the central fabric of the digital economy.

NVIDIA Senior Vice President of Telecom, Ronnie Vasishta, said ODC’s platform is turning today’s 5G networks into a distributed AI computing fabric at the wireless edge and creating a pathway toward 6G.

ODC Chairman Shaygan Kheradpir said the funding will enable the company to scale its engagement with global partners and accelerate commercial deployments throughout 2026.

MTN Group, which operates across 16 African markets and has been deepening its AI and digital infrastructure investments, earlier this year committed USD 1.1 billion in capital expenditure to Ghana over the next three years, targeting data centres, network expansion, and digital skills development. MTN Group’s participation in ODC’s Series A extends that strategy to the infrastructure layer underpinning next-generation AI-native networks.

Source : www.newsghana.com.gh