Top 10 richest men and women in Ghana 2021
Ghana has a market-based economy; few policy barriers to trade have made it's economy even stronger.
As a country, Ghana is endowed with natural resources like hydrocarbons, industrial materials and precious metals. Ghana's mixed and digital economy has paved the way for some notable billionaires in the region. Ghana's stock Exchange ranks as the 5th largest in Africa.
Ghana also ranks as the worlds' second-largest producer of cocoa. Its vast resources have poised it to rank as a middle-income country.
Read on to know more about the top 10 richest men and women in Ghana.
Charles Ampofo should top Clacified's list of the top 10 richest men and women in Ghana, but the billionaire recently passed.
1. Ernesto Taricone - Net worth of $1.3 billion
Ernesto Taricone tops the list of top 10 richest men and women in Ghana. Ernesto Taricone has taken over as the richest man in Ghana.
Ernesto Taricone was reportedly born in Italy around 1948, Ernesto Taricone arrived in Ghana with his father and siblings in 1968.
Ernesto Taricone is a known investor in Ghana's Business world, Ernesto Taricone heads the conglomerate, Trasacco Group.
The richest man in Ghana, Ernesto Taricone has a net worth of $1.3 billion. Ernesto Taricone's massive net worth is due to his diversified investments in Ghana.
Ernesto Taricone's source of wealth
Ernesto Taricone, the richest man in Ghana, is known as the Chief Executive Officer of Trasacco Group.
Trasacco Group has vested interests in Agriculture, mining, forestry, and real estate development.
Trasacco Estate Development Company, a subsidiary of Trasacco, has over $500 million invested in ongoing projects across Ghana.
Another subsidiary that belongs to Ghana's richest man is also involved in agriculture, producing pineapples, banana, etc.
Tarricone is also a co-owner of Royal Aluminium Systems; producing aluminiun windows and doors.
2. Sir Sam E. Jonah - Net worth of $1.2 billion
Sir Sam E. Jonah ranks as the second richest man in Ghana. Sam Jonah is within Clacified's radar of the top 10 richest men and women in Ghana.
Sir Sam E. Jonah was born in cape coast on November 1949. Sir Sam E. Jonah has noted that life was never all rosy for him.
At the age of 25, Sir Sam E. Jonah started working in Ashanti Goldfield's deep mines, located in central Ghana.
Sir Sam E. Jonah worked underground for the Ashanti mining company in exchange for an engineering scholarship at the U.K.'s Exeter University.
Sir Sam E. Jonah later graduated and went back to the Ashanti Mining company.
According to Forbes, Sam E. Jonah was named the Chief executive officer at Ashanti in 1986; Sam E. Jonah attained this position at the age of 36; barely 11 years since he started working underground for the Ashanti mining company.
Sir Sam E. Jonah has been listed as among the richest men in Ghana with a $1.2 billion net worth.
Sir Sam E. Jonah's Source of wealth
Jonah Capital is a holding company and private equity firm that makes investments in the mining sector, real estate, agriculture, construction materials, financial services, oil and gas services.
Sir Sam E. Jonah acquired most of his wealth through Jonah Capital; a holding company with interests in Agriculture, construction, mining, real estate, oil and gas services.
It is worthy to note that Sir Sam E. Jonah's family owns 78% of the Jonah Capital.
The family trust, Sttar Trust sold 51% of its stake in the Metropolitan Insurance Company for an undisclosed sum, the Metropolitan Insurance Company is the 4th largest insurance company in Ghana.
Sir Sam E. Jonah's invested interests in a different business niche in Africa; this fit has poised him to rank as the second richest man in Ghana.
Sir Sam E. Jonah (second richest man in Ghana) wth his wife Lady Giselle Jonah
3. Nabil Edmond Moukarzel - Net worth of $900 million
Clacified's list of top 10 richest men and women in Ghana ranks Nabil Edmond Moukarzel as the 3rd richest man in Ghana.
Nabil Edmond Moukarzel owns the largest shares in Finatrade, one of the largest food manufacturing and distribution company in West Africa.
Finatrade has many subsidiaries like Akuafo Adamfo, Ghana Market Direct Ltd, Continental Commodity Trading Company, Sucatrade, etc.
Finatrade deals in frozen foods, vegetable oil, sugar, rice, cocoa, meat, ice cream, dairy products, beverages, powdered milk, animal feed, tiles, granite, marble, false ceilings, sanitary and kitchenware.
The 3rd richest man in Ghana has an estimated net worth of $900 million.
The Finatrade enormous chain of food distribution has elevated Nabil Edmond Moukarzel to rank among the top 10 richest men in Ghana.
Nabil Edmond Moukarzel and Philanthropy
Finatrade is also involved in social development and giving back to the community. Finatrade established a scholarship scheme for undergraduates in the agricultural sector.
Finatrade also partnered with the Kofi Annan International ICT Centre of Excellence to foster and integrate ICT passion in the Ghana communities.
The 3rd richest man in Ghana, Nabil Edmond Moukarzel.
4. Ibrahim Micheal Mahama - Net worth of $860 million
Meet The 4th richest man in Ghana, Ibrahim Micheal Mahama, also known as a younger brother to the former President of Ghana, John Dramani Mahama.
Ibrahim Micheal Mahama ranks 4th on Clacified's list of top 10 richest men and women in Ghana. Ibrahim Mahama was born on 29th January 1971 to the family of Emmanuel Adama Mahama.
Ibrahim Micheal Mahama owns Engineers and Planners; a company focused on hiring heavy-duty vehicles and machinery.
Ibrahim Micheal Mahama's invested interests in different areas of the Ghana economy has allowed him to amass an estimated net worth of $860 million.
Ibrahim Micheal Mahama's net worth makes him the 4th richest man in Ghana.
Ibrahim Micheal Mahama's Source of wealth
Ibrahim Micheal Mahama acquired wealth by obtaining contracts to mine for multi-corporations across Africa.
Engineers and Planners have been known to provide mining services to different mining companies in West Africa.
ArcelorMittal and Engineers and Planners entered into a partnership in 2006 with ArcelorMittal hiring Ibrahim's company to mine Iron ore in Northern Liberia. ArcelorMittal has invested over $2.3 billion for the project between 2006-2013.
Ibrahim owns the Asutsuare Poultry Farm; a poultry farm that can produce around 150,000 eggs per day.
The Asutsuare Poultry Farm is the largest in Ghana.
With the above strides, Ibrahim Micheal Mahama has made the list of top 10 richest men and women in Ghana, to rank as the 4th richest man in Ghana.
Ibrahim Micheal Mahama, the 4th richest man in Ghana.
5. Alhaji Mohammed Ahmed Odaymat - Net worth of $850 million
Alhaji Mohammed Ahmed Odaymat is the 5th richest man in Ghana with $850 million as net worth. Mohammed Ahmed Odayma made the list of top 10 richest men and women in Ghana.
Mohammed Ahmed Odaymat is known to be a Ghananian but with a Lebanese descent.
History has it that Mohammed Ahmed Odaymat worked for Toyota Ghana but later purchased the BBC Industrial Company around 1978.
Mohammed Ahmed Odaymat also made money from other companies he founded like Rana Motors & Metal Works Engineering Co. Ltd.
Rana Motors & Metal Works Engineering Co. Ltd later became a major distributor of KIA Motors in 1986.
Mohammed Ahmed Odaymat has at least $850 million as net worth and ranks as the 5th richest man in Ghana.
Mohammed Ahmed Odaymat, the 5th richest man in Ghana.
6. The Irani Family - Net worth of $800 million
Anthony Irani and Edmund Irani are popularly known as the Irani brothers and sometimes referred to as the Irani family.
The Irani family made Clacified's list of top 10 richest men and women in Ghana. The Irani family ranks as the 6th richest in Ghana.
The Irani brothers founded the Irani family, they live in Ghana, but like Mohammed Ahmed Odaymat, they are also of Lebanese descent.
The Irani brothers founded the Irani Brothers & Others Limited in 1967, a manufacturing company that produces flour.
The Irani family acquired its wealth by stabilizing the company to account for over 60% of Ghana's wheat flour.
The Irani brothers and other LTD export at least 180,000 metric tones of wheat annually to mill into bread and other pastries.
The core strength of Irani Brothers lies in its ability to source full shiploads of wheat and to secure the necessary funding arrangements
7. Patricia Poku Diaby - Net worth of $720 million
Patricia Poku Diaby ranks as the 7th richest person in Ghana. Patricia Poku Diaby is also known as the richest woman in Ghana.
Patricia Poku Diaby is within our list of top 10 richest men and women on Ghana.
Patricia Poku Diaby, the 7th richest person in Ghana, started by working in her family business; trading and transportation.
Patricia Poku Diaby later created the company, Plot Enterprise Group in Ivory Coast. Patricia Poku Diaby also went ahead to set up Plot Enterprise Ghana.
Plot Enterprise Ghana is a Ghanaian indigenous company with a focus in cocoa processing. The company in Ghana was fully functional in 2010 and equipped with state of the art machines and plants.
One of the plants located in Takoradi, Ghana, is valued at $90 million. Patricia Poku Diaby's company exports its products to US, Europe, Asia, Australia and the Middle East.
The above has generated a huge fortune for Patricia Poku Diaby; she has an estimated net worth of $720 million.
Patricia Poku Diaby's net worth makes her the richest woman in Ghana. Patricia Poku Diaby also ranks as the 7th richest person in Ghana.
Patricia Poku Diaby's company has over 200 staff.
8. The Kalmoni Family - Net worth of $700 million
Salem Kalmoni is the late patriarch of the Kalmoni Family. Salem Kalmoni is a Lebanese immigrant that arrived in Ghana before the first world war.
Jalal Kalmoni, Salem Kalmoni, Nouhad Kalmoni, Salah Kweku Kalmoni are the successors to the Kalmoni fortune; they jointly rank as the 8th richest men in Ghana.
The Kalmoni family made the list of the top 10 richest men and women In Ghana because of the fortune amassed from the Family company, Japan motors.
The Kalmoni Family's source of wealth
Salem Kalmoni founded the company, Kalmoni & Sons. The company later metamorphosised into
- Japan Motors Trading Company LTD,
- Modern Auto Services,
- Silver Star Auto,
- Silver Star Tower,
- Lakeside Estate,
- Advanced Construction and
- Oman Fofor Trading Company Limited - all as subsidiaries.
Japan Motors Trading Company LTD was established in 1965.
Japan Motors is the sole distributor of Nissan cars in Ghana. Japan motors also serve as the sole distributor of Yamaha motorbikes in Ghana.
Nissan motors make up 26% of the new car sales in Ghana while Yamaha clinches 80% of the motorbike market; Japan Motors control both markets.
Other subsidiaries under Kalmoni & Sons are sole distributors of Canon Products (photocopying machine) and major Mercedes-Benz dealers in Ghana.
Thus, the Kalmoni family ranks as the 8th richest in Ghana with an estimated net worth of $700 million.
Japan Motors Trading Company LTD grew out of a family motor vehicle, spare parts and transport business.
9. Kwabena Duffuor - Net worth of $680 million
Kwabena Duffuor is popularly known as a former Governor of the Bank of Ghana (July 1997 – Sep 2001). Kwabena Duffuor has also been named as one of the four best central Bank Governors in the world.
Kwabena Duffuor is the 9th richest man in Ghana, making our list of top 10 richest men and women in Ghana.
Kwabena Duffuor obtained his B.sc in Economics from the University of Ghana and an MBA from Syracuse University in New York, United States.
Kwabena Duffuor's source of wealth
Kwabena Duffuor serves as the CEO House of Duffour Asset Holdings.
Duffour Asset Holdings has significant stakes in
- Star Assurance,
- StarLife Assurance, and
- Excellence in Broadcasting Networks (a media empire).
Though Unibank has collapsed, Kwabena Duffuor stake in other finance corporations has given him an estimated net worth of &680 million.
Kwabena Duffuor's net worth makes him the 9th richest man in Ghana.
Kwabena Duffuor, the 9th richest man in Ghana with his wife.
10. The Awuah-Darko Family - Net worth of $650 million
Nana Awuah-Darko Ampem (1932-2005) founded the Awuah-Darko Family. The Awuah-Darko Family is the 10th richest in Ghana.
Jointly the Awuah-Darko Family made the top 10 list of richest men and women in Ghana.
Nana Awuah Darko Ampem began as an insurance broker in Ghana before the Ghananian Government passed a law that prevented government agencies from dealing with insurance brokers.
Joseph Awuah Darko donated $20,000 to Ashesi as a token of appreciation for the entrepreneurial support that helped him to jumpstart his career in the creative arts.
The New law mandates all government agencies to deal directly with Insurance companies.
The above prompted Nana Awuah Darko Ampem to create the first indigenously private owned insurance company in Ghana, Vanguard Insurance company in 1975.
The Awuah-Darko Family made the majority of their fortune from the Vanguard insurance company, making them the 10th richest Ghana with a $650 million net worth.
The Awuah-Darko Family still poses a major stake in the vanguard insurance company.
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