Joseph Siaw Agaypong is the founder and CEO of Jospong Group of Companies. Jospong is one of the largest group of businesses in Ghana. Joseph Siaw Agyapong net worth is over $800 million.
Joseph Siaw Agyapong Early Life
He was born on March 20, 1971 on a farm land in Assin-Amoabeng in the Central Region. Joseph was named Felix by his mother but later on his father changed his name to Joseph.
Growing up Joseph did not find life easy, He therefore relocated to Accra.
Agyepong had dreams of becoming either a pilot or a marine engineer but fate left him in the street.
Joseph Siaw Agyapong Business Career
Joseph started an engineering course and completed in 1990, but his father said he no longer has the money to contribute to his education, so left with no option he had to go into business.
His father suggested that he should go and assist his mother who had a little shop where she was squatting in front of somebody’s business. he helped her like a petty trader selling exercise books on the street
That was the first step on a journey that has led to one of the most diversified holding companies in Ghana.
Agyepong is today responsible for the strategic vision of the Jospong Group of Companies, with operations in Africa as well as Asia and the Middle East.
The company has business interests in many sectors of the economy with its biggest operations in waste management, ICT, and banking. Agyepong’s strategy is slightly unorthodox.
He believes he is guided by a higher power with the right direction at the right time. At the age of 22, Agyepong would go early in the morning to his mother’s little shop and pack exercise books in boxes and walk off with them on his head to sell through the busy streets of Accra.
His persistence paid off and very soon Agyepong was selling enough books that he could invest in other businesses.That ushered in the birth of Jospong Printing Press in 1995.
The following year, Agyepong stumbled on an opportunity in construction.
A client was looking for a contractor and the resourceful entrepreneur pitched and delivered the contract by outsourcing the various building activities to local tradesmen and in the process Agyepong established his construction business, Extended Builders.
In 1998, during the Ghana elections, he saw yet another opportunity to print t-shirts for the election campaign and Appointed Time Screen Printing was born.
Since then, the company has established a holding company with subsidiaries in oil and gas, logistics, quarry and mining, manufacturing as well as agro-business.
In 2006, there were difficulties in managing solid waste in Ghana. It became an issue of great concern to Ghana’s citizens, mainly due to its environmental health implications.
The United Nations Conference on Human Settlement report stated that between 33% and 50% of solid waste generated within most cities in low and middle income countries are not collected.
Instead it is illegally dumped on streets and open spaces. Furthermore, a 2002 report by the African Development Bank stipulates that Ghana generated about 3.6 million tons of solid waste per year, made up of predominantly organic compost, such as food, plastic and wood waste.
These critical challenges presented yet another opportunity the serial entrepreneur could not ignore, one that would prove to be Agyepong’s most lucrative business to date.
Dr. Joseph Siaw Agyapong is the founder of the Jospong Group. It is one of the largest conglomerates in Ghana with over 32 subsidiaries. The Jospong Group currently operates in eleven industries in Ghana. He is a self-made multimillionaire.
The Jospong Group of Companies has generated over 200,000 jobs under various innovative collaborations with governments and the private sector in Africa.
The Jospong Group of Companies currently has 8 companies in other parts of Africa and the Middle East and represents 16 Chinese companies, 8 Indian companies and 5 European companies in Ghana. Its trade volume with these companies was worth $4.36 billion as at 2013.
Jospong Group of Companies
C A Nzema Oil,
Great Consolidated Diamond
J. A. Quarry
J A Plant Pool Limited
J A Vehicle Assembly Plant
J A Spare parts
J S A Logistics
J W Transport Company Limited
Accra Compost Limited
Zoomlion Domestic Services Limited
Zoom Equatorial Guinea
Zoom Sierra Leone
Sierra Leone Press
Appointed Time Screen Printing
Jospong Printing Press
Subah Information Solutions
Sino Africa Development
Millennium Insurance and Union Savings & Loans.
Joseph Siaw Agyepong constructed a steel plant in Ghana at a cost of more than $40 million.
J.A. Plant Pool Ghana Limited is engaged in the sale, rental and leasing of earth moving equipment, heavy duty trucks and machinery and Yutong buses in the country presently.
The company has executed $100 million worth of contracts with its overseas suppliers; J.A. Plant Pool has imported about 1,000 Yutong buses and 900 heavy duty equipment and trucks into Africa.
Great Consolidated Diamond Limited (GCDL), a subsidiary of Zoomlion Ghana Limited (ZGL), acquired 100% shares of Ghana Consolidated Diamonds (GCD) Limited at Akwatia in the Eastern Region at a cost of $80 million. Union Savings and Loans currently has total assets
Joseph Siaw Agyapong Net Worth
Dr. Joseph Siaw Agyapong net worth is over $600 million. He is one of the most successful businessmen in Ghana.
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