Ghana is a middle-income country with vast resources at its disposal; here is a list of the top 10 richest men in Ghana. Ghana has a market-based economy; few policy barriers to trade have made its 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 in Ghana.
Charles Ampofo should top the list of the top 10 richest men in Ghana had he not died.
1. Ernesto Taricone - Net worth of $1.3 billion
Ernesto Taricone tops the list of the top 10 richest men in Ghana. Ernesto Taricone is the richest man in Ghana. Ernesto took over as the richest man in Ghana after the death of Charles Ampofo.
Ernesto Taricone, an investor in Ghana's Business world, was reportedly born in Italy around 1948. He arrived in Ghana with his father and siblings in 1968.
He heads the conglomerate, Trasacco Group. Ernesto Taricone, The richest man in Ghana, has a net worth of $1.3 billion.
Ernesto Taricone's source of wealth
Trasacco Group, headed by Ernesto, 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.
2. Sir Sam E. Jonah - Net worth of $1.2 billion
Sir Sam E. Jonah ranks as the second richest man in Ghana. Sir Sam E. Jonah is number two on our list of the top 10 richest men in Nigeria. His net worth is $1.2 billion.
Sir Sam E. Jonah was born on the Cape coast in 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. He 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'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. 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.
3. Nabil Edmond Moukarzel - Net worth of $900 million
The 3rd on the list of the top 10 richest men in Ghana is Nabil Edmond Moukarzel. Nabil Edmond Moukarzel. is the 3rd richest man in Ghana, with an estimated net worth of $900 million.
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.
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.
It also partnered with the Kofi Annan International ICT Centre of Excellence to foster and integrate ICT in the Ghana communities.
4. Ibrahim Micheal Mahama - Net worth of $860 million
The 4th on the list of the top 10 richest men in Ghana is Ibrahim Micheal Mahama. Ibrahim Micheal Mahama is the 4th richest man in Ghana, with an estimated net worth of $860 million.
Ibrahim Micheal Mahama is the younger brother to the former President of Ghana, John Dramani Mahama. He 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 have allowed him to amass an estimated net worth of $860 million, making him 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 a net worth of $850 million. Mohammed Ahmed Odaymat is the 5th in the list of the top 10 richest men in Ghana.
Mohammed Ahmed Odaymat is a Ghananian but of 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.
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 the top 10 richest men in Ghana. The Irani family ranks as the 6th richest men in Ghana.
The Irani brothers founded the Irani family, they live in Ghana, but like Mohammed Ahmed Odaymat, they are also of Lebanese descent. They ounded 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.
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 the richest woman in 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 set up Plot Enterprise Ghana.
Plot Enterprise Ghana is a Ghanaian indigenous company with a focus on 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 the US, Europe, Asia, Australia and the Middle East.
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 of the Kalmoni fortunes; they jointly rank as the 8th richest men in Ghana.
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.
9. Kwabena Duffuor - Net worth of $680 million
Kwabena Duffuor ranks as the 9th richest person in Ghana, with an estimated net worth of $680 million.
Kwabena Duffuor is a former Governor of the Bank of Ghana (July 1997 – Sep 2001). In 1999, Kwabena Duffuor was named one of the four best central Bank Governors globally.
Kwabena Duffuor is the 9th richest man in Ghana, making our list of the top 10 richest men 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.
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 person in Ghana. Jointly the Awuah-Darko Family made the top 10 list of richest men 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.
The Awuah-Darko Family made the majority of their fortune from the Vanguard insurance company, making them the 10th richest person in Ghana with an estimated net worth of $650 million.
The Awuah-Darko Family possess a major stake in the vanguard insurance company.