Ghana is home to some of the wealthiest people on the continent and has
one of the largest economies in West Africa. Rich in culture, people, tourism,
minerals and more, it is one of the prides of Africa. Ghana has experienced
good annual growth since 2022 and is expected to continue at that rate this
year.
The wealth of many people has increased as a result of this expansion. It
is not surprising to see celebrities who are called "rich Ghanaians"
with huge wealth in countries like Ghana.
2023 is here and we present the latest ranking of the 15 richest men in
Ghana and their current net worth. Some of the richest people on the African
continent live in Ghana, one of the largest economies in West Africa. With so
many people, culture, tourism, access and more, it is one of the most popular
things to do in Africa.
Ghana is a diverse country; so it is not surprising that some famous
people who have earned the title of "richest people in Ghana" have
huge wealth.
We will take a look at the 15 richest and richest Ghanaian men, their
careers and their current net worth in this article. You will also learn
interesting facts about each of them.
List of Top 15 Richest Men in Ghana 2023
1. Ernesto Taricone (Net Worth $1.3 billion)
2. Dr. Kwame Addo Kuffuor (Net Worth $1.2 billion)
3. John Mahama (Net Worth $900 million)
4. Mohammed Ahmed Odaymat (net worth $850 million)
5. The Irani Brothers ($800 million of net worth)
6. The Kalmonis (Net worth $700 million dollars)
7. Kwabena Duffuor (Net Worth $680 million)
8. Sam E. Jonah, (Net worth is $650 million)
9. Ghassan Yared (Net Worth $480 million)
10. Serge Bakalian (Net worth $460 Million)
11. Dr. Kwesi Ndoum (Net Worth $300 million)
12. Joseph Siaw Agyepong (net worth $300 million)
13. Nana Akufo-Addo Net Worth (Net worth $250 million)
14. Haruna Iddrisu (net worth $300 million)
15. Include yours
1. Ernesto Taricone (Net worth
$1.3 billion)
If you ask questions; "Who is the richest man in Ghana?" Here
is your answer: As of today, Ernesto Taricone is currently the richest person
in Ghana as of 2023 with a net worth of $1.3 billion. He was born in Italy but
had acquired citizenship through self-immolation several years ago.
Taricone chose to move to Ghana and invest in various sectors of the
country's economy after realizing the potential of the Ghanaian economy. In a
few decades, Taricone was able to increase his wealth from millions to billions
as CEO and President of the company Trasacco.
More than 4,000 Ghanaians and expatriates are currently employed by many
of its companies, supporting the local content policy put in place by the
Ghanaian government. As a civil engineer, he oversaw the construction of the
Trassaco Valley which is home to some of the finest buildings in Ghana.
His investment portfolio spans across the most profitable industries in
Ghana including Mining, Agriculture, Real Estate, Construction, etc.
2. Dr. Kwame Addo Kuffuor (Net worth: $1.2 billion)
Kwame Addo-Kufuor is a prominent Ghanaian politician and doctor who held
many political positions during his tenure. Addo-Kufuor is the MP for Manhyia.
Between 2001 and 2007, became the Minister of Defense appointed by President John
Kufuor is his brother. Between June 2008 and 2009, he was appointed as the
Minister of Interior of Ghana.
Addo-Kufuor went to Cambridge University to study medicine for five
years. After completing his bachelor's degree, he attended Middlesex Medical School
and Jesus College to continue his education in this field.
Although he was educated in medicine, he would never become an expert in
that profession due to political ambitions that took away his passion for
medicine. Today, Addo-Kufuor is the president of the Ghana Chamber of Mines.
3. John Mahama (Net worth $900 million)
John Mahama is third in the list of the 10 richest men in Ghana. He was
the President of Ghana in 2012, succeeding the late President Atta Mills.
Mahama began his career as a writer, historian and communications p
rofessional.
Some of the prominent positions he has held till date during his tenure include
Minister of Information, Deputy Minister of Information, Member of Parliament
of Ghana and then Vice President of the country. Before having all these
political careers under his belt, Mahama was first a high school history
teacher.
However, he continued his master's studies in Russia. Upon his return, he
was appointed the Information, Culture and Research Officer at the Japanese Embassy
in Ghana.
To gain more knowledge and skills in politics, he became a member of the
NGO, Plan International in Ghana, where he worked as the head of International
Relations, Sponsorship Communications and Grants.
4. Mohammed Ahmed Odaymat (Net worth $850 million)
With a net worth of $850 million, Alhaji Mohammed Ahmed Odaymat is one of
the richest people in Ghana on the list of richest people in Ghana. Mohammed
Ahmed Odaymat was born in Ghana but is of Lebanese descent. Before buying the
BBC production company in 1978, he worked for Toyota Ghana. He is currently the
CEO of IPMC, a company focused on expanding the region's digital economy
through system integration, software development and IT industry strategy.
Other businesses he founded such as Rana Motors & Metal Works
Engineering Co. Ltd provided other sources of income which enabled Mohammed
Ahmed Odaymat to build up a good fortune and become one of the richest people
in Ghana.
5. Irani Brothers ($800 million Net worth)
The Iranian brothers are famous in Ghana today. For more than two decades
they have been a household name, providing people across the country with
quality flour and pastries. These brothers have made great strides in Ghana,
especially in the flour industry, where they produce 55 percent of the
country's flour and pastries. Their economic impact on Ghana is so important
that it cannot be ignored.
The brothers' business expanded into pastries after they had great
success in the flour and mill business. This is due to the increasing demand
for pastries, which the current company and the company cannot provide. The
company currently produces 200,000 units of flour per year. Their dominance in
the flour market in Ghana is unmatched.
6. The Kalmonis (Net worth $700 million dollars)
The family on our list is the Kalmonis, who are among the wealthiest
Ghanaians. The Kalmoni family is closely linked to Japan Motors, a major auto
company with seven subsidiaries, worth $700 million. Kalmoni & Sons,
founded in 1912 by the grandfather of the current Kalmoni family, is believed
to be the origin of the current Kalmoni family.
7. Kwabena Duffuor (worth $680 million)
Kwaben Duffuor is one of the most famous people in Ghana, and is the
Minister of Finance and Governor of the Bank of Ghana. Duffuor was recognized
for his role while serving as the Governor of the Bank of Ghana, where he
implemented measures to help improve Ghana's security.
This led to the slow growth of the country's economy, which peaked in
1998. Duffuor is so good at his job that he was named one of the best central
bank governors in the world at the IMF and World Bank's annual general
meetings. His good work supports his net worth which places him among the
richest people in Ghana. Before he became a celebrity in Ghana, he started his
career at the Ghana Commercial Bank at the lowest position in the management
structure. When he realized his potential, he was promoted to the position of
chief economist of the bank. He also worked as a part-time researcher in 1985
at the University of Ghana. Duffuor was successful in his career at Ghana
Commercial Bank and was promoted to Managing Director of the bank's London
branch. He returned to the country to become the Deputy Governor of the Bank of
Ghana in 1995.
8. Sam E. Jonah (Net worth is $650 million)
It is believed to be worth USD 650 million. Dr. Sam Jonah is the president of Jonah Capital. The headquarters is in South Africa, and it is involved in various industries and endeavors, including mining, agriculture, oil, gas, real estate and finance. Dr. Jonah started his career in the early 1970s and joined Ashanti Goldfields in 1979, eventually rising to the position of CEO.
He took the company to new heights, making it the first African company
to be listed on the New York Stock Exchange. Scharrig Mining, Equator
Exploration Ltd, Uramin, Equinox Ltd, Range Resources and Moto Goldmines Ltd
are among the companies he sits on the board of directors of. He sits on the
boards of Lonmin, Standard Bank of South Africa, Transnet and Ashesi
University, among others. He is also the former chairman of AngloGold Ashanti,
a mining company in South Africa.
9. Ghassan Yared (Net worth: $480 million)
Yared is one of the most famous people in this list of the richest men in
Ghana who built a business empire from thin air.
For someone from humble beginnings, he should be given credit for the
work he does to improve the lives of those around him, as well as himself. With
his wisdom and strong business acumen, he was able to transform the Ghanaian
business sector, creating systems that brought great growth to the economy.
Yared established a marketing and distribution company in 1993 known as
Forewin Ghana Limited. The company became so large over time that it had to be
split into subsidiaries including Mabani Ltd, Mass Industrial Ltd., Lewadis
Fze, Diplo FZE, Cape Trading Ltd, and HMD.
These companies each hold distribution rights for major brands in Ghana such
as Red Cow, Peak Milk, Titus Sardines, and others.
10. Serge Bakalian (Net worth $460 million)
Despite his African heritage, including Armenian ancestry, Bakalian is
one of the richest people in Ghana. Bakalian became rich when he inherited his
father's flour mill, unlike many on this list who became billionaires through
their own efforts.
Bakalian was able to raise the business to a higher level when he
inherited it using effective business methods that generated millions of
dollars in revenue. Many people would think that it was easy for him when he
inherited such a large fortune from his father, but he deserves credit for
increasing the company's income in a few years.
11. Dr. Kwesi Ndoum (Net worth: $300 million)
Dr. Kwesi Ndoum is on our list of the 10 richest men in Ghana. He is a
prominent businessman and politician who have held positions in various
governments in Ghana.
Most importantly, he served as Member of Parliament in
Komenda-Edina-Eguafo-Abirem Constituency and was a Minister of State at various
levels in the Kufuor administration between 2001 and 2007. Before he became
famous in Ghana, he spent most of his life in the United States.
He first worked for the insurance industry as an underwriter for three
years at North-Western Mutual Life Insurance Company. After leaving his
position with the company due to financial constraints, Ndoum quickly became a
respected member of Wisconsin's Blue Cross Blue Shield.
Ndoum made most of his fortune helping British firms Deloitte and Touche
in West Africa. Over time, Ndoum was quickly recognized for his contributions
to the Ghanaian community, and was soon rewarded with public service as an MP
in 2001. Today, Ndoum is one of the richest men in Ghana.
12. Joseph Siaw Agyepong (Net worth $300 million)
Dr. Joseph Agyapong is the CEO of several companies in Accra including JA
Plant Pool, Zoomlion, Jospong Group and others. It also has jurisdiction over
neighboring African countries. It is believed to be worth up to $300 million.
Dr. Agyepong, a self-made millionaire, started his career by selling small
notebooks.
The company grew quickly. beyond anyone's expectations This motivated
him, and in 1997 Agyepong reinvested the profits from his notebook business
into the company. He started a printing company called Jospong Printing Press
in a small room in Jamestown, a suburb of Accra. This provided the foundation
for his success story. Due to his diligence, Agyepong currently controls around
32 companies, mainly in oil and gas, mining, construction and real estate.
13. Nana Akufo-Addo (Net Worth $250 Million Net Worth)
Nana Akufo-Addo is one of the richest people in Ghana and the first
person to appear on this list. Since he assumed office, the current President
of Ghana has been playing an important role in the progress and development of
the country.
He served as the country's attorney general for two years, from 2001 to
2003, before assuming the presidency. After serving as the country's attorney
general, he served as the country's foreign minister for four years.
Nana Akufo-Addo was born into the royal family of Adeline and Edward
Akufo-Addo, who had great status in Ghana while serving in the army. His father
had served as a civil judge and a non-executive chief minister for a number of
years.
It is clear that Nana Akufo-Addo is still updating the history of his
family by rising to the top of the country.
14. Haruna Ididrisu (Net worth $300 million)
The Minister of Labor and Labor Relations in Ghana, Haruna Iddrisu, is a Member of Parliament representing Tamale South. Honorable Haruna Iddrisu is a lawyer with a bachelor's degree in sociology. He has been the National Youth Coordinator for the ruling party, the National Democratic Congress (NDC) since 2002, in addition to being a member of the Ghana Bar Association.
Although the
origins and details of his business and interests are unknown, he is one of the
richest people in Ghana, with a net worth of over $300 million, according to
Forbes Ghana.
15. You can include your own
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