See the 12 richest Ghanaians & how much they are worth

Richest Ghanaians : Let’s take a look at some of the self-made Ghanaian millionaires and billionaires. Our list is not based on exact figures or rumored figures but rather these people’s accomplishments, companies and ventures they have had a hand in.

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KWASI TWUM

Business: Media Mogul CEO: Multimedia Ghana Limited (Owners Of Joy Fm, Multi TV and More) Status: Millionaire

Kwasi Twum (on the right)

He is a very hard man to see. He is the owner of the number one media company, Multimedia Ghana Limited owners of Joy FM, Luv Fm, Asempa Fm, Adom FM, Multi TV and many more. Kwasi Twum, from what we know is a very humble man who attends to his business only. He went to Mfantsipim Senior High School, University Of Ghana and Harvard Business School. He is believed to be a millionaire as his companies are scattered all over the nation and are excellent in what they do. His radio stations have been reigning for as long as 10 years and their newly added Multi TV is performing well all over the nation.

DR. KWABENA ADJEI

Business: Alcoholic Beverges MD: Kasapreko Company Limited, KasaGlobal Ventures (Makers Of Kasapreko Alcoholic Beverages) Status: Millionaire

He started off with his involvement in companies like VALCO and Midland Ghana Limited before starting off with his million-dollar alcoholic company, Kasapreko Ghana Limited. His company is a family business which is not on the Ghana Stocks Market neither is it open to investors yet. It has won many awards and is selling fast all over Africa, especially in Nigeria. His company made US$19.46 million in export revenues in 2012 according to this business publication.

PRINCE KOFI AMOABENG

Business: Banking President: UT Holdings (Owners Of UT Bank) Status: Millionaire

Prince Kofi Amoabeng is a popular name and a popular man in Ghana. After University, He joined the military, studied in UK and came back to Ghana to do business. He has been involved in many companies like Elf Oil Company, Opayesco Wood Processing Co Ltd, K K Power & Co ltd, P. K. Amoabeng Enterprise Ltd, Schiewer Gh. Ltd. and more.

He has in the past taught at the Ghana Stock Exchange. He is the president of UT Holdings, owners of UT Financial Services, now, UT Bank which started as a Lending company. It extended into full time banking and today has it’s branches in 7 out of the 10 regions in Ghana. In 2011, Prince Kofi Amoabeng’s UT Bank made $6.93 Million Dollars in profit (according to Wikipedia ) with a total of US$378.4 million assets.

DR. KWAME KYEI

Business: MEDIA/PETROLEUM/TOURSIM/SECURITY CEO: Unity Group Of Companies Status: Millionaire

Dr. Kwame Kyei is not a familiar face in Ghana but his businesses are all over the place. He owns Unity Oil which is all over the the city of Kumasi (operates 24/7), Light FM (Kumasi), Pravda Radio (Accra), Stadium Hotel, Light TV and Unicom Security Services. He is also a director and shareholder of Dome Energy Resources Ltd., a bulk oil distributing company in Ghana. He is believed to be worth millions of dollars with all these ventures and has been awarded several times for his works.

OSEI KWAME DESPITE

Business: Media Mogul CEO: Despite Group Of Companies Status: Billionaire

For someone who is a media mogul, he is very media shy and 9 out 10 people won’t even recognize him when they meet him. He is never seen anywhere. Osei Kwame Despite is an illiterate who came from nothing to something BIG. He was a hustler who started from selling tape cassettes, padlocks, feeding bottles and other petty things to get by.

He has knowledge in music production hence his success in broadcasting and and the media business. With his love for music and the selling of cassettes, he established his first radio station Peace FM in Accra in 1999. The station which was at that time the only station using the local dialect Twi (till date) gained success and that is how he built his media empire.

Today he owns chains of companies including, Okay FM, Asomdwie FM, Neat FM, Hello FM, U2 Company Limited (Iodated Salt Production), Neat Foods Company Limited (which produces and markets NEAT Fufu, NEAT Banku, NEAT Abenkwan, NEAT Hausa Koko, NEAT Diary Products), Special Ice Company Limited (Water Bottling Company), This Way Products (Makers Of This Way Chocolate Drink and This Way Motherlac), He also has hands in a micro finance company, BestPoint Savings and Loans Limited (BPSL), real estates and counting, Despite also owns, fast rising TV station, UTV. With all these companies, Despite is believed to be worth billions of dollars in liquid cash.

IBRAHIM MAHAMA

Business: MINING/ENGINEERING/CONSTRUCTION CEO: Engineers And Planners Status: Billionaire

He is the younger brother to the President Of Ghana, President John Mahama and he’s the CEO of Engineers and Planners whose core business involves Provision of Mining Support Services and Civil & Construction works. His company is 100% owned by him.

He has been rumored to be filthy rich. He is the first and probably only Ghanaian individual to own a private jet, Bombardier challenger 600 which costs between $25Million to $60Million. Ibrahim Mahama is believed to be a billionaire without a doubt.

His company undertakes mining, road and dams construction as their main focus. His company owns assets worth billions of dollars like 20 dump trucks (worth $50Million), 70 small dumb trucks worth $65Million, 120 tippers worth $24Million and more.

KENNEDY AGYAPONG

Business: MEDIA/OTHER COMPANIES/POLITICS/TOURISM CEO: Kencity Status: Millionaire

He is believed to be a millionaire but many have questioned his source of riches . Kennedy Agyapong made his millions during the Kuffour Regime, when he was made an MP. Kennedy Agypong claims he made his first million dollars from the the NES (currently called the US Visa Lottery) where he shipped over 257 Ghanaians to the USA and charged each one of them $5,000. He owns more than 10 houses in Ghana and 14 companies including a media empire, Oman FM, Net 2 TV, Mina D’oro Ventures, Super Care Limited and Messrs Imperial World Business Limited. Ken said in an interview that he has more than $10Million dollars in his account and none of that is borrowed, he worked hard for it all and describes his success story as from grass to grace.

ROLAND AGAMBIRE

Business: IT CEO: RLG Communications/AGAMS Holdings Limited Status: Millionaire

Roland Agambire is the fastest-rising millionaire in our list. He owns AGAMS Holdings, owners of RLG Communications Limited a company which assembles computers and phones in Ghana. His company has it’s investors from Dubai and the Government of Ghana. His company mainly sells to the government for schools in Ghana. His company has branches in African countries like South Africa , Gambia and Kenya while trying to venture into the Nigerian market. Roland’s rLG made $850Million dollars in revenue in 2013. Roland is believed to be a millionaire from his RLG Company alone. His company is embarking on a $10Billion IT hub in Ghana.

DR. KWAKU OTENG

Business: MEDIA/HEALTH/EDUCATION CEO: Angel Group Of Companies Status: Millionaire

He is one of the richest men in the Ashanti Region. He is the chairman of Angel Group Of Companies, the parent company of Angel Herbal Products Industry Ltd, Angel Educational Complex Ltd (Junior And Senior High School), Angel Broadcasting Services Ltd (TV & Radio, Angel FM), Angel Transport and Trading Ltd and Angel Estate and Construction Ltd. He is believed to have made millions from these ventures.

DR. KOFI AMOAH (CITIZEN KOFI)

Business: INSURANCE/REMITTANCE/INVESTING/ENTERTAINMENT CEO: Progeny Ventures, Citizen Kofi Entertainment Center, State Insurance Company Status: Millionaire

Dr. Kofi Amoah is popularly known in Ghana as Citizen Kofi. He is believed to be worth a whooping $250Million. He is heavily attributed to the bringing of the most popular money transfer service in Africa, Western Union into Ghana and Africa.

It is believed that he makes $25Million a year from remittances from Western Union. He also own stakes in State Insurance Company and owns a popular entertainment center in Osu, Citizen Kofi Entertainment Center. He completed Opoku Ware Senior High School and Kwame Nkrumah University Of Science And Technology. He is the founder and president of J.S. Investments Inc., Los Angeles, PPVI Ghana Ltd, and Progeny Aluminum and Design Ghana Ltd. He was a member of Ghana Investment Advisory Council, past member of the Ghana Football Association and Chairman of the Local Organising Committee during the Ghana 2008 tournament.

DR. PAA KWESI NDUOM

Business: BANKING/TOURISM/INVESTMENTS CEO: Gold Coast Group Of Companies Status: Millionaire

Dr. Paa Kwesi Nduom is believed to be worth $300 million. After schooling in Ghana and the United States, he worked a couple of jobs until he decided to move homes and change the way things work. Dr. Nduom has several investments including Coconut Groove Hotels, Gold Coast Securities, First National Savings And Loans.

BONUS: OTUMFOUR OSEI TUTU II

Source: INHERITANCE/KINGSHIP Status: Millionaire

Till date, the Asantehene, Otumfour Osei Tutu II is the first Ghanaian to be in the Forbes magazine as one of the richest kings in Africa. The magazine said, Otumfour Osei Tutu II, the Asantehene is said to be worth around $10Million.

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See the 12 richest Ghanaians & how much they are worth (With Pictures)

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