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Richest People in Ghana

richest people in Ghana
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Lets take a look at the top 20 richest people in Ghana in 2020.

20. Serge Bakalian- $460 million

Serge Bakalian is a Ghanaian of Armenian descent and the Executive Director of Takoradi Flour Mills. He inherited the company from his father, Vasken Bakalian. Takoradi Flour Mills had an initial capacity of 200 metric tonnes per day and employed 60 people. Currently, Takoradi Flour Mills has three plants with a total installed capacity of 1,000 metric tonnes per day. He is number 20 of the richest people in Ghana

Read the richest women in Ghana 2020

19 Ghassan Yared- $480

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Ghassan Yared owns Forewin Ghana Limited, a Distribution and Marketing Company which was launched in Ghana in March 1993. Rising from very modest beginnings, Hassan has been able to move his company quickly to carve a name for himself and a prominent place on the Ghanaian market map.

Read Also the top 10 richest men in Africa 2020

Forewin Ghana Group of Companies includes; Mabani Ltd, Mass Industries Ltd, Lewadis FZE, Diplo FZE, Cape Trading Ltd and HMD.

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Forewin is the sole marketer and distributor of popular household brands like Peak Milk, St Louis Sugar Cubes, Titus Sardine, Wrigley, Listerene, Red Bull, and GEISHA Mackerel.

18. Kwabena Agyare Danquah- $500 Million

Kwabena Adjare Danquah, is a Ghanaian businessman who founded Metalex in 1984 to produce competitively priced high-quality roofing materials. Situated in a suburb of Accra, the company started as a retailer of aluminium roofing sheets but later became a manufacturer of aluminium, clay and plastic roofing materials. Metalex owns other factories which produces clay roofing products and plastic roofing products. 

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17. Azar Family-$520 million

Elias Azar, a Lebanese immigrant in Ghana set up Azar Chemical Industries as a family business in 1968. The company initially operated under the name City Paints and traded in building materials and imported paints.

The company began manufacturing paints in Ghana in the 1980s, operating under the name Azar Chemical Industries which later became the Azar Group, comprising City Paints Supply Limited and Synrez Ghana Limited. City Paints deals in paints and related products, while Synrez deals in the production of packaging products.

The company is run by his two grandsons; Ghazi Azar and Rustom Azar. Ghazi Azar is the managing director, and Rustom Azar who passed on in July, 2015 was an executive director.

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Azar Chemical Industries Ltd is the manufacturers of Azar Paint and SHIELD Acrylic Paint.

Read The top 25 richest People in the World

16. The Hitti Family-$540 million

Robert Hitti set up Qualiplast in 1973 as a small factory with the name Greenplastica Limited in 1973. A family business, the company started with one small depot and equipment that gave it an operating capacity of between 50 metric tonnes and 100 metric tonnes per month. With a total of 60 employees, its annual turnover fluctuated between US$200,000 and US$300,000 in the early years. The name of the company was changed to Qualiplast in 1992.

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15. Adam Iddrissu and Family- $550 million

In the early 1950’s, Alhaji Adamu, secured his first contract as a sawn timber supplier to GNTC, a successor of A. G. Leventies. From then on Alhaji went on to acquire other contracts to cart goods for A. G. Leventies, Cocoa for Ghana Cocoa Marketing Board and fertilizer for the Ministry of Agriculture. 

By 1996, on realizing the need to expand his transport business Alhaji set up A. A. Iddrisu Transport which later became Global Haulage Ltd.

As of 2014, Global Haulage operated a total number of 388 trucks for various haulage roles. These are made up of 271 Articulators, 111 Cargo trucks. 

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14 RAMCHAND UDHARAM MOHINANI- $580 million

Mohinani acquired most of his wealth from the Mohinani Group which includes; Poly Products Ghana Limited, Ghana’s first polyethylene factory. Poly Sacks (Ghana) Limited, which produces polypropylene packaging for the agro processing industry. Poly Tank (Ghana) Limited and Poly Kraft (Ghana), which both have an enormous portfolio of products, including water tanks, PET, PVC bottles and other multiple products meant for packaging a wide range of consumer goods, fish, alcoholic beverages, personal care products, pharmaceuticals, and processed foods etc.

Read Also Richest Musicians in Ghana

13. JOSEPH SIAW AGYEPONG-$600million

Mr Joseph Siaw Agyepong 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 number  13 of  richest people in Ghana

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12. 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.

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Read Richest Politicians in Ghana

11 THE AWUAH-DARKO FAMILY -$650 million

The late Nana Awuah-Darko Ampem was the first Ghanaian Captain of the Accra Polo Club and also an Nkosuohene of Ashanti Juaso. He first established Marine and General Insurance Brokers in 1969 after returning from his studies and working abroad. Nana Ampem was compelled to start Vanguard Assurance in 1975 after a law in 1972 made it obligatory for all government institutions in Ghana to deal directly with State Insurance Company and not through a broker.

Number 10 of The richest people in Ghana

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10. Kwabena Duffour – $680

Kwabena Duffuor is the Chief Executive Officer of closely held House of Duffour Asset Holdings. He expanded into his real estate portfolio by snapping up skyscrapers in Accra which mostly houses his companies. He is number 10 of the richest people in Ghana.

9. KALMONI FAMILY – $700 million

Prior to the First World War, the grandfather of the current Managing Director of Japan Motors Ghana, Salem Kalmoni, arrived in Ghana from Lebanon to start some trading activities. His company, Kalmoni & Sons, soon branched into truck-boards, and in 1958 he imported the first Japanese car; a Datsun, a brand name which was later changed into the world-famous Nissan.

Kalmoni & Sons was renamed Japan Motors in 1965. Today it has five branches across Ghana and employs over 330 people.

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8. PATRICIA POKU-DIABY -$720 million

Patricia Poku-Diaby was involved in her family’s business (trading and transportation) before she set up the Plot Enterprise Group in Ivory Coast, which was a precursor to the Ghanaian company.

Plot Enterprise Ghana is wholly Ghanaian owned cocoa processing company. The group has market presence in Asia and West Africa and comprises; Plot Commodities (registered with the Dubai Metal and Commodities Centre in Dubai), Plot Enterprise in Ivory Coast and Plot Enterprise Ghana.

Plot Commodities deals in cotton and cocoa and is registered with the Cocoa Merchants Association of America. Plot Enterprise in Ivory Coast is engaged in the trading of cocoa, cashew nut and wood products.

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7. THE IRANI FAMILY -$800

Two Lebanese brothers, Anthony Irani and Edmund Irani, who immigrated to Ghana founded Irani Brothers & Others Limited in 1967 to produce wheat flour for the bread and pastry industry. It accounts for about 60% of wheat flour sales in Ghana. They provided the required start-up capital and have operated and managed the firm as a family business ever since. Anthony and Edmund Irani, who both had technical expertise in the flour milling business, provided leadership for the company.

6. MOHAMMED AHMED ODAYMAT & FAMILY – $850

Alhaji Mohammed Ahmed Odaymat is a Ghanaian of Lebanese descent. He started as an employee of Toyota Ghana and later went on to buy BBC Industrial Company in 1978, BBC Industrial was then owned by Boutros BouChedid, also a Ghanaian of Lebanese origin. After Odaymat’s take over of BBC Industrial Company, he developed the Leyland and Leylac brand of paint products. The company has currently expanded from a single shed to taking up about 80% of the 4-hectare site on which it is located today.

5. MICHAEL IBRAHIM MAHAMA – $860 million

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Ibrahim’s interest in private sector business began with his development of interest in heavy duty equipment whilst assisting his father on his mechanized rice farms in Tamale, Ghana. He developed a further interest in the U.K. where he resided for a period of five years and worked in the civil construction industry in Scotland. He also worked with M&M Properties in the U.K., a property development company.

4. NABIL EDMOND MOURKAZEL -$900 million

Nabil Moukarzel owns the most shares by value in The Finatrade Group which is one of the largest food manufacturing and food distribution companies in West Africa. Moukarzel’s company is Ghana’s largest distributor of food and importer of rice with its Rice Master and Sultana rice brands.

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Finatrade, through its subsidiaries, distributes and markets raw commodities and frozen foods. It offers vegetable oil, sugar, rice, cocoa, meat, ice cream, dairy products, beverages, powdered milk, animal feed, tiles, granite, marble, false ceilings, sanitary and kitchen ware. Additionally, the company provides warehousing and logistics services. Finatrade is the largest commodity and distribution company in Ghana, with presence in seven West African countries. Moukarzel employs over 2,000 Ghanaians.

3. SIR SAM ESSON JONAH – $ 1.2 billion

Sir Sam Jonah reached the prime of his career when he led the $1.48 billion merger between Ashanti Goldfields and AngloGold in 2004. A lot of mining companies have benefited from Sam Jonah’s expertise in the mining industry. Sam’s equity fund, Jonah Capital owns 14 mineral resource assets across 10 countries in Africa.

2. ERNESTO TARICONE -$1.3 billion

Ernesto Taricone is an industrial investor and civil engineer, he is the Executive Chairman and CEO of Trasacco Group which employs over 4000 Ghanaians and expatriates. He is number 2 on the list of richest people in Ghana

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Ernesto Taricone was born in Italy in 1948; he came to Ghana in 1968 with his father and two brothers when he was still in his teens. The majority of his business is focused on Ghana covering various key sections in the Ghanaian Economy; Agriculture, Mining, Forestry, Construction and Real Estate development. 

  1. Charles Ampofo – $ 1.46 billion

Charles Ampofo is the Chairman and Founder of Kampac Group which is headquartered in the business hub of Dubai in the United Arab Emirates. The Group engages in various activities and operates Kampac Oil as its primary business. Other companies under the Group includes Kampac Properties, Kampac Travels, Kampac Flora, Kampac Telecom and Kampac Resources. He is the richest man in Ghana

In 1999, Ampofo  founded Universal Transfer Service as a Financial Services and Funds Transfer company which went on to build an entire multi-banking network in Côte D’Ivoire which consisted of 24 banks. Under his leadership, the company has post growth of more than 30% over the last 10 years.

 

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Information was obtained  from Goodmanamcblogspot, Wikipedia, and Yen.com.gh for writing this article.

 

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Famous Quotes

Top 40 Powerful Leo Tolstoy Quotes about Love, Nature

Leo Tolstoy quotes
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Leo Tolstoy Quotes: One of the greatest writers in history, Leo Tolstoy was a Russian writer who wrote different books that centered  on Trilogy such as “Childhood”, “Boyhood and “Youth”. 

Born as Count Lev Nikolayevich Tolstoy in the 1820s, Leo Tolstoy will always be remembered for his two famous novels, War & Peace and Anna Karenina. 

Editor’s Pick

For a man filled with so much wisdom, the compilation of Leo Tolstoy quotes that will inspire you and reshape your thinking on some aspect of life. 

Powerful Leo Tolstoy Quotes You Should Never Forget 

  1. “The sole meaning of life is to serve humanity.” – Leo Tolstoy
  2. “I think… if it is true that there are as many minds as there are heads, then there are as many kinds of love as there are hearts.” – Leo Tolstoy
  3. “All, everything that I understand, I understand only because I love.” – Leo Tolstoy
  4. “Seize the moments of happiness, love and be loved! That is the only reality in the world, all else is folly. It is the one thing we are interested in here.” – Leo Tolstoy
  5. “A man is like a fraction whose numerator is what he is and whose denominator is what he thinks of himself. The larger the denominator the smaller the fraction.” – Leo Tolstoy
  6. “Everyone thinks of changing the world, but no one thinks of changing himself.” – Leo Tolstoy
  7. “If, then, I were asked for the most important advice I could give, that which I considered to be the most useful to the men of our century, I should simply say: in the name of God, stop a moment, cease your work, look around you.” – Leo Tolstoy
  8. “Only people who are capable of loving strongly can also suffer great sorrow, but this same necessity of loving serves to counteract their grief and heals them.” – Leo Tolstoy quotes
  9. “The only thing that we know is that we know nothing and that is the highest flight of human wisdom.” – Leo Tolstoy
  10. “A quiet secluded life in the country, with the possibility of being useful to people to whom it is easy to do good, and who are not accustomed to have it done to them; then work which one hopes may be of some use; then rest, nature, books, music, love for one’s neighbor — such is my idea of happiness.” – Leo Tolstoy
  11. “True life is lived when tiny changes occur.” – Leo Tolstoy quotes
  12. “Without knowing what I am and why I am here, life is impossible.” – Leo Tolstoy
  13. “And all people live, Not by reason of any care they have for themselves, But by the love for them that is in other people.” – Leo Tolstoy
  14. “Freethinkers are those who are willing to use their minds without prejudice and without fearing to understand things that clash with their own customs, privileges, or beliefs. This state of mind is not common, but it is essential for right thinking…” – Leo Tolstoy
  15. “In the name of God, stop a moment, cease your work, look around you.” – Leo Tolstoy
  16. “Life could be limitless joy, if we would only take it for what it is, in the way it is given to us.” – Leo Tolstoy
  17. “Our body is a machine for living. It is organized for that, it is its nature. Let life go on in it unhindered and let it defend itself.” – Leo Tolstoy
  18. “Some mathematician said: ‘Pleasure lies not in discovering truth, but in seeking it.’” – Leo Tolstoy
  19. “Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold.” – Leo Tolstoy
  20. “The sole meaning of life is to serve humanity.” – Leo Tolstoy quotes
  21. “Wrong does not cease to be wrong because the majority share in it.” – Leo Tolstoy
  22. “Anything is better than lies and deceit!” – Leo Tolstoy
  23. “A truly wise man is always joyful.” – Leo Tolstoy
  24. “Happiness does not depend on outward things, but on the way we see them.” – Leo Tolstoy
  25. “Is it really possible to tell someone else what one feels?” – Leo Tolstoy quotes
  26. “If there existed no external means for dimming their consciences, one-half of the men would at once shoot themselves, because to live contrary to one’s reason is a most intolerable state, and all men of our time are in such a state.” – Leo Tolstoy
  27. “Pay bad people with your goodness; fight their hatred with you kindness. Even if you do not achieve victory over other people, you will conquer yourself.” – Leo Tolstoy
  1. “Is it really possible to tell someone else what one feels?” – Leo Tolstoy
  2. “Spring is the time of plans and projects.” – Leo Tolstoy quotes
  3. “Nothing is so necessary for a young man as the company of intelligent women.” – Leo Tolstoy
  4. “We can know only that we know nothing. And that is the highest degree of human wisdom.” – Leo Tolstoy
  5. “He stepped down, trying not to look long at her, as if she were the sun, yet he saw her, like the sun, even without looking.” – Leo Tolstoy quotes
  6. “All happy families resemble one another; every unhappy family is unhappy in its own way.” – Leo Tolstoy
  7. “It is amazing how complete is the delusion that beauty is goodness.” – Leo Tolstoy
  8. “Respect was invented to cover the empty place where love should be.” – Leo Tolstoy
  9. “The changes in our life must come from the impossibility to live otherwise than according to the demands of our conscience not from our mental resolution to try a new form of life.” – Leo Tolstoy
  10. “Joy can only be real if people look upon their life as a service and have a definite object in life outside themselves and their personal happiness.” – Leo Tolstoy
  11. “One of the first conditions of happiness is that the link between Man and Nature shall not be broken.” – Leo Tolstoy.
  12. “Rummaging in our souls, we often dig up something that ought to have lain there unnoticed.” – Leo Tolstoy
  13. “There is something in the human spirit that will survive and prevail, there is a tiny and brilliant light burning in the heart of man that will not go out no matter how dark the world becomes.” – Leo Tolstoy

Thanks for reading about Leo Tolstoy Quotes, leave your reply in the comments below,

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Glusea.com is an online website designated to publishing information that will help inspire and motivate high achievers. We believe that every individual lives his/her life based on the amount of information about life available to them. To this end, we strive to publish success stories of Accomplished individuals around the world as a way of motivating others. we also give tips on how to succeed in any field. If you are someone who aspires higher in; life, visit Glusea.com daily and you will be abreast with all the latest trends about success here. Welcome to the Glusea family.. we love you dearly contact us via email: gluseagh@gmail.com Copyright © 2021, Glusea