The Richest Man in Ghana

who is the Richest Man in Ghana

Richest personalities in Ghana prefer not to disclose such information as incomes and net worth. It makes the question: “Who is the richest man in Ghana?” one of the most frequently asked by Ghanaians.

The richest man in Ghana is Charles Ampofo.

Charles Ampofo is the Chairman and Founder of Kampac Group, which has its headquarters in the business hub of Dubai in the United Arab Emirates (UAE).  The Group engages in various activities and operates Kampac Oil as its primary business.


Charles Ampofo net worth in 2020 is estimated as 1.6 billion dollars

Charles Ampofo has created the largest energy city in the world in the Philippines and upon completion the company will be one of the top 50 oil companies in the Far East. He is a member of the Global Fortune Forum since 2005.

In 2010 Ampofo listed Kampac Oil on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse, FWB) as Kampac International Plc, the firm secured 1.2 billion Euros after going public to help fund its investments in Africa after listing. The Kampac Group generates an annual revenue of $3.4 billion with operations in 13 countries.
In 2011 Kampac Oil increased its asset base in exploration and production through acquisition of low risk assets, including producing and near production assets. This increased the total number of oil blocks and fields in the company’s portfolio; Kampac has 8 oil blocks in Kazakhstan, 3 in Mauritania, 2 in Nigeria and 2 in Senegal.

In Kazakhstan, Kampac Oil’s asset produces 40,000 barrels per day with estimated reserves of about 500 million barrels whereas in Mauritania the company’s asset produces 35,000 barrels per day with an estimated 300 million barrels.

Kampac acquired two blocks in Senegal, one onshore and the other offshore in Senegal. The 2 blocks called the St Louis block and Louga Block has oil reserves of between 3 to 6 trillion cubic feet (TCF) of gas, and 400 million barrels. Petrosen (Senegal’s national oil company) owns 15 percent whiles Kampac owns an 85 percent stake in the blocks. These 2  blocks are valued at more than $2 billion.

Kampac also has a 40 percent stake in Allem Transoil Refinery in Kazakhstan with refining capacity of 24,000 barrels/day. The company intends to invest $100 million in the refinery to increase refining capacity to 40,000 barrels/day.

Kampac Oil Middle East of Dubai, a division of Kampac International Plc., invested $5 billion to transform a 200-hectare property in Sual, Pangasinan in the Philippines into an “Energy City,” with current expansion, the city is now estimated to cost well over $10 billion. Kampac will employ about 10,000 to 14,000 workers once the project is completed.

Kampac Properties, a subsidiary of Kampac Group developed the Kampac Twin Tower in the business district of Colombo, Sri Lanka. The company is also undertaking a 10,000 Housing Project for the Ghana Police Service.

Dubai based KAMPAC FLORA another subsidiary distributes Ghanaian fruits and vegetables on the Dubai market which accounts for 10 percent of Ghana’s fruit exports

Read Top 10 Richest Men in Africa 2020

Phoenix completed contracts which had over $4 billion audited financials with Tri Star and Kampac Oil to perform certain mobilization, transportation and construction projects.

Read Richest People in The World 2020

Kampac Oil Middle East, whose activities include oil and gas exploration, building oil storage facilities and trading in crude oil, has recently concluded a $70 million Memorandum of Understanding for a floating oil storage facility in Ghana. Kampac is currently finalizing a deal for a 600,000cbm crude oil storage farm and a 100,000 barrel/day refinery for a Venezuelan company.