Ghana's top dividend paying stocks in 2026
A close look at the highest-yielding and most consistent dividend payers on the Ghana Stock Exchange
Dividends are one of the simplest ways to build a small stream of passive income. Regular cash payouts that arrive in your bank account simply for holding shares in a profitable company. The Ghana Stock Exchange is home to a number of consistent dividend payers, which have rewarded shareholders year after year with high yields. In the following we are going to have a look at which counters have the most consistent payout records.
The GSE's most consistent dividend payers
The list below focuses on companies with a multi-year track record of paying dividends and a high liquidity, so trading orders will be executed in a reasonable amount of time.
| Symbol | Company | Sector | Dividend yield (as of 30/05/2026) |
|---|---|---|---|
| MTNGH | MTN Ghana | Telecommunications | 7.38% |
| GOIL | GOIL | Oil & Gas | 1.46% |
| TOTAL | TotalEnergies Ghana | Oil & Gas | 9.66% |
| UNIL | Unilever Ghana | Consumer Goods | 3.4% |
| SCB | Standard Chartered Bank Ghana | Banking & Finance | 2.34% |
| GCB | GCB Bank | Banking & Finance | 2.78% |
| EGL | Enterprise Group | Insurance & Financial Services | 1.26% |
| BOPP | Benso Oil Palm Plantation | Food & Beverages | 1.53% |
MTN Ghana (MTNGH): The heavyweight
Since its 2018 listing, MTN Ghana has become the largest dividend payer on the GSE. The combination of mobile money fees, data revenue and a dominant subscriber base produces a cash flow profile that very few companies can match. Management has consistently paid both an interim and final dividend. Since this year the company has switched to paying dividends quarterly, resulting in a more frequent income stream. MTN is also one of the most liquid stocks on the GSE, meaning any trading order will be executed swiftly.
GOIL: The local trade
GOIL is the indigenous oil-marketing company with the largest retail footprint in Ghana. Its dividend has been growing steadily over the past few years and it has paid out dividends consistently since 2018.
TotalEnergies Ghana (TOTAL): The dividend champion
TotalEnergies Marketing Ghana has been one of the most generous dividend payers on the exchange. The company benefits from premium retail brand pricing and a strong commercial and aviation fuels business.
Unilever Ghana (UNIL): Defensive consumer cash flows
Unilever Ghana is the textbook defensive dividend stock: household brands across home care, personal care and foods that consumers buy whether the economy is booming or contracting. Dividend cover has wobbled in years where input-cost inflation outran the company's ability to push prices, but the long-run track record of returning cash to shareholders is one of the best on the GSE.
Standard Chartered Bank Ghana (SCB)
Of the listed banks, Standard Chartered has been one of the most reliable dividend payers. SCB has long run with strong capital ratios and an above-sector return on equity, which gives the board headroom to pay out a meaningful share of earnings. Though the banking sector - and also SCB - saw payouts pause or shrink during the Domestic Debt Exchange Programme. Look at common-equity Tier 1 ratios and any Bank of Ghana directives before assuming the next year's dividend is safe.
GCB Bank (GCB): The government's bank
GCB Bank benefits from a strong government relationship and a broad branch network. The company has been paying dividends consistently for the past few years except for the period of the Domestic Debt Exchange Programme.
Enterprise Group (EGL): The insurance play
Enterprise Group is a financial conglomerate spanning life and general insurance, pensions and property. The dividend tends to be smaller in yield terms than in other sectors, but it grows with insurance penetration and pension assets under management — both long-run tailwinds in Ghana.
Benso Oil Palm Plantation (BOPP)
Benso Oil Palm Plantation is more cyclical, tracking palm-oil prices and rainfall patterns. In the past few years it has paid out an impressive dividend north of 10%. Currently due to normalizing palm oil prices from the peaks 2022, the dividend has been decreasing with a current yield of 1.53%.
A simple workflow for building a GSE dividend portfolio
- Start with the dividend calendar to see who has declared and what the upcoming ex-dates are.
- Open each candidate stock's page on Ghanastocks and check the price, current yield, and valuation metrics.
- Reinvest. The single biggest driver of long-term returns from dividend stocks is rolling each payment back into more shares, especially when prices are weak.
Risks worth respecting
No GSE dividend is contractual. Boards can cut payments when capital is needed elsewhere, when regulators force the issue, or when the cedi makes imported inputs too expensive. Liquidity is the other quiet enemy: several decent payers trade only a few hundred shares a day, which means you can buy at one price and only sell ten percent lower. Build positions slowly with limit orders, and never chase a yield that has only appeared because the share price collapsed in the last fortnight.