10 WEALTHIEST PEOPLE IN GHANA 2022
Ghana, one of the largest economies in West Africa, is home to some of the continent’s
wealthiest people.
It is one of Africa’s pride, thanks to its huge cultural, human, tourism, mineral, and
other resources.
With a country as diverse as Ghana, it’s not unexpected to find some renowned figures
dubbed “the richest men in Ghana” with large fortunes.
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We’ll look at the 10 wealthiest Ghanaian men, their professions, and current net worth
in this Video.
You’ll also learn some fascinating facts about each of them.
10.
Milad Millet & Family ($620 Million):
Milad, a Ghanaian of Lebanese descent founded Millet Textile Corporation Limited in 1958.
The company was originally established to manufacture towels.
In the early 1980s, the firm changed its name to Spintex Limited and it developed into an
integrated textile firm that manufactured high-quality textiles for the Ghanaian and
wider African market.
Spintex, however, faced severe competition as a result of the influx of imported used
clothing onto the Ghanaian market.
This was as a result of the liberalization of the Ghanaian economy under the Structural
Adjustment Reform Programme of the International Monetary Fund and the World Bank, which resulted
in the abolition of import restrictions.
Locally produced textiles could not compete with low-priced used clothing.
The name of the company was subsequently changed to Printex in 1997.
Milad is reported to be worth $620 million.
09.
Samuel Esson Jonah (Net Worth: $650 million):
When it comes to men with strong intellectual capacity and financial savvy, Samuel Esson
comes to mind.
Jonah is the cream of the crop and one of Ghana's wealthiest individuals.
Over the last two decades, Jonah has proved his commercial acumen in a number of capacities
in Ghanaian business and industry.
As a result, he has worked extremely hard to earn every dime he has and is now one of
Ghana's wealthiest men.
Jonah is the current Chancellor of the University of Cape Coast and the Executive Chairman of
his own company, Jonah Capital.
Jonah started his career with the Ashanti Goldfield Corporation, where he held numerous
responsibilities before achieving adulthood and recognition.
Jonah rose through the ranks of the corporation to become the CEO and the company's supervisor.
While in this position, he implemented numerous procedures, which resulted in a significant
increase in the company's production.
He worked his way up at Vodafone, the National Academy of Engineering, Equinox Minerals,
and other companies.
He is now Ghana's sixth wealthiest person.
08.
Kwabena Duffuor (Net Worth: $680 Million): Kwabena Duffuor was the Finance Minister of
Ghana.
He has also held the position of governor of the Bank of Ghana.
At an IMF/World Bank meeting in 1999, he was designated one of the four best Central Bank
Governors in the World.
He is a graduate of the University of Ghana's Akuafo Hall and a member of the Chartered
Institute of Bankers.
Duffuor is the founder and chairman of HODA Holdings, a conglomerate of businesses that
includes insurance, banking, real estate, farming, mining, and media.
He is also the founder and president of Ghana's Institute for Fiscal Studies, a non-profit
think tank that provides economic advocacy and training that he founded in March 2013.
He is also the creator of uniBank, which filed for bankruptcy in 2018.
In 1998, Duffuor was voted "Personality of the Year" by the Independent newspaper in
Ghana.
In this same year, he was again voted "Marketing Man of the Year" by the Chartered Institute
of Marketing, Ghana (CIMG).
For his loyal and meritorious service to the banking industry in Ghana the Institute of
Bankers, Ghana, conferred an Honorary Fellowship on Duffuor in November 1997.
Currently, Kwabena Duffuor is worth $680 million.
07.
Kalmoni Family (Net worth $700 Million): The Kalmoni’s obtained their fortune from
their automobile company, Japan Motors which has seven companies in its stable; Silver
Star Auto Limited, Modern Automobile Services (MAS, formerly Enyidado Industries Limited),
Oman Fofor Trading Company Limited, Advance Construction & Development Limited, Lakeside
Estate/Agri-Cattle Limited, Silver Star Tower Limited and Star Property Management Limited.
Japan Motors is the sole dealer of NISSAN in Ghana, with a market share of 26% of new
vehicle sales in Ghana, also, they are the sole distributor of YAMAHA Motor which controls
80% of the motorbike market in Ghana.
The Kalmoni’s Modern Automobile Services deals in a wide range of vehicles from Korea
and China and is a main distributor of TATA vehicles with an on-road presence of 7,000
vehicles in Ghana and West Africa.
Modern Auto Services also hold the franchise for SsangYong, Lifan and Foton heavy duty
vehicles in Ghana.
They currently have a networth of $700 Million. 06.
Patricia Poku Diaby (Net Worth: $720 Million): It’s nearly impossible to talk about the
top richest and powerful women in Ghana, and even Africa at large and miss the name- Patricia
Poku-Diaby.
Patricia Poku-Diaby is a wealthy woman, and a woman of status who enjoys the best and
all pleasant things life has to offer.
Her net worth is proof that she tops the list of the top 10 richest women in Ghana.
She has a net worth of $720 million which is believed to have stemmed from her ownership
of Plot Enterprise Ghana, A business venture concerned with the processing of cocoa.
Prior to her establishment of Plot Enterprise Ghana, Patricia Poku-Diaby actively engaged
in her family’s business venture which specialized in transportation and trading.
05.
Irani Brothers (Net Worth: $800 million): Today, the Irani Brothers are extremely popular
in Ghana.
For almost two decades, they have been a household name, offering high-quality flour and pastries
to individuals across the country.
These brothers have achieved enormous advances in Ghana, particularly in the country's flour
business, where they are responsible for 55 percent of the flour and pastries consumed
by the inhabitants.
Their impact on Ghana's economy is so significant that it cannot be ignored.
After experiencing tremendous success in the grain and milling industries, the brothers'
company expanded to include pastries.
This is owing to the ever-increasing demand for pastries, which current enterprises in
that industry were unable to provide.
Today, the company produces up to 200,000 metric tonnes of flour each year.
Their dominance in Ghana's flour sector is just unrivalled.
They are believed to have a joint Net Worth of $800 million.
04.
Michael Ibrahim Mahama (Net worth: $860 Million): The majority of Ibrahim's money came from
mining concessions and contracts to mine on behalf of multinational mining companies in
West Africa.
Engineers and Planners is West Africa's largest indigenously owned mining engineering firm,
delivering services to some of the world's top mining firms.
Over the years, the company has made considerable financial expenditures to increase its fleet
of equipment to a level sufficient to sustain operating as a primary contractor to Gold
Fields in Ghana.
Engineers and Planners also has two big contracts with South African Gold Fields.
Engineers and Planners collaborate with ArcelorMittal, the world's largest steelmaking firm, in Sierra
Leone and Liberia.
Engineers and Planners was awarded a multimillion-dollar contract in Liberia to mine iron ore for the
world's largest steel and mining corporation at its Yekepa Mine concessions in Northern
Liberia.
This project entails civil engineering work for the installation of an iron ore processing
facility as well as the construction of a tailing dam.
ArcelorMittal has invested more over $800 million in the country since the start of
construction operations in 2006.
ArcelorMittal invested an additional US$1.5 billion in Liberia in the latter half of 2013
and boosted output from 4 million to 15 million tonnes, with Engineers and Planners in the
forefront of ensuring that this target is accomplished.
3.
John Mahama (Net Worth: $900 million):
John Mahama is the 3rd on the list of the top 10 richest men in Ghana.
He once served as the president of Ghana in 2012, taking over from the deceased president
Atta Mills.
Mahama started out his career as a writer, historian, and communications expert.
Some of the prominent positions which he served till date through his political career include
Minister of communications, Deputy minister of communication, member of the Ghanaian parliament
and then Vice president of the country.
Prior to having all these political roles under his belt, Mahama was initially a teacher
of history at secondary school level.
He, however, proceeded to study for his Master’s in Russia.
After his return, he was appointed as the Information, culture, and research officer
at the Japanese embassy in Ghana.
To further increase his knowledge and expertise in politics, he became part of the NGO, Plan
International’s Ghana Country Office, where he worked as International Relations, Sponsorship
Communications, and Grants Manager.
2.
Dr. Kwame Addo Kuffuor (Net Worth: $1.2 billion): Kwame Addo-Kufuor is a widely known Ghanaian
politician and physician who held numerous political offices while in active service.
Addo-Kufuor was a member of parliament for Manhyia.
Between 2001 to 2007, became the Minister for Defence appointed by President John Kufuor
who is his brother.
Between June 2008 and 2009, he was also appointed in the position of the minister of interior
of Ghana.
Addo-Kufuor attended the University of Cambridge to study Medicine for five years.
After the completion of his Bachelor’s degree, he proceeded to the Middlesex Medical School
Hospital and Jesus College to further his studies in this field.
Despite all his studies in medicine, he would never major in the profession due to the political
ambitions which took over his passion for practicing medicine.
Today, Addo-Kufuor serves as the head of the Ghana Chamber of Mines.
He has an estimated Net Worth of $1.2 Billion. 1.Ernesto Taricone (Net Worth: $1.3 billion):
If you’ve asked the question; “who is the richest man in Ghana?”
Here’s is your answer: As of today, Ernesto Taricone is currently the richest man in Ghana.
He was born in Italy but has since gained citizenship by naturalization several years
ago.
Having seen the potential within the economy of Ghana, Taricone decided to settle down
in Ghana and make a wide range of investments in different sectors of the Ghanaian economy.
As the CEO and Executive Chairman of Trasacco group, Taricone has been able to turn his
fortune from millions to billion within a couple of decades.
Today, his numerous companies employ more than 4000 Ghanaians and expatriates, further
contributing to the local content policy implemented by the government of Ghana.
As a civil engineer, he oversaw the construction of Trassaco Valley which is home to some of
the most luxurious buildings in Ghana.
His investment portfolio is spread over highly lucrative industries in Ghana, including mining,
agriculture, real estate, construction, and so on.
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