Richest People

Top 10 Richest People In Ghana [2024]

In this article, we will discuss the top 10 richest people in Ghana. No doubt Ghana, is one of the largest economies in West…

Published

3 months ago

February 5, 2024

Babs Ayandayo

Top 10 Richest People In Ghana [2023/2024]

Ghana is one of the largest economies in West Africa and is home to some of the continent’s richest individuals. The country has been developing at an unprecedented rate since 2012, as a result of this development, a lot of Ghanaians have gained a huge amount of wealth. So In this article, we will discuss the top 10 richest people in Ghana.

Ghana has recently been recognized as the pride of Africa, because of its vast culture, and human and mineral resources. The Country pride itself as the world’s second-largest cocoa producer. Its stock exchange is also the fifth largest in Africa, a promising position for a country that has worked hard to make itself one of Africa’s greatest.

Thanks to these developments, Ghana is now classified as a middle-income country. It’s not surprising to find some notable personalities termed “the richest men in Ghana” with big fortunes in a country as diverse as Ghana. So without any further ado, here are the richest people in Ghana

1. Ernesto Taricone

Ernesto Taricone is currently the richest man in Ghana with an estimated net worth of $1.3 billion. He was born in Italy but became a Ghana citizen several years ago through naturalization.

Taricone decided to reside in Ghana and undertake a variety of investments in various areas of the Ghanaian economy after seeing the potential in the country’s economy. He has turned his income from millions of investments into billions in just a few decades as the CEO and Executive Chairman of the Trasacco Group.

His multiple businesses now employ over 4000 Ghanaians and expatriates, adding to the government of Ghana’s local content strategy. He directed the creation of Trassaco Valley as a civil engineer, which is home to some of Ghana’s most opulent structures.

2. Dr. Kwame Addo-Kufuor

Dr. Kwame Addo-Kufuor takes the second place among the 10 richest people in Ghana. He is a well-known Ghanaian politician and physician who has served in numerous political positions.

Before his fulfilling career, Addo-Kufuor studied medicine at the University of Cambridge, where he bagged a bachelor’s degree in medicine He also studied at the Middlesex Medical School Hospital and Jesus College.

Politically Dr. Kwame served as a member of parliament for Manhyia, and from 2001 to 2007, he was the Minister for Defence under President John Kufuor. Between June 2008 and 2009, he was the Minister of Interior.

3. John Mahama

John Mahama is the former President of Ghana and one of the richest men in Ghana, with an estimated net worth of $900 Million. As President of Ghana John served from July 2012 to January 2017.

Mahama began his career as a writer, historian, and expert in communications. He went on to serve as the Minister of Communications, a Member of the Ghanaian Parliament, and the Vice President, before attaining the post of the presidency after the death of his predecessor, John Evans Atta Mills.

Mahama was been able to accumulate most of his fortune, throughout his career. However, It is imperative to note that there were corruption allegations during his time as a political officer.

4. The Irani Brothers

In today’s Ghana, the Irani Brothers are well-known. They’ve been a household name for almost two decades, providing high-quality flour and pastries to the people of the country.

In Ghana, these brothers have made considerable development, especially in the flour industry, where they manufacture 55 percent of the country’s flour and pastries.

Combined, the two brothers have an estimated net worth of $800 Million, making them one of the richest people in Ghana. Their economic impact on Ghana is so large that it cannot be overlooked.

5. Kwaben Duffuor

Kwaben Duffuor is a well-known Ghanaian politician who has served as both the Minister of Finance and the Governor of the Bank of Ghana. He is also an entrepreneur with fingers in numerous industries

His accumulated fortune of $680 Million, throughout his career, placed him in the fifth spot among the richest men in Ghana. As the Governor of the Bank of Ghana, Duffuor implemented initiatives to help Ghana’s reserves improve.

Duffuor is the founder and chairman of HODA Holdings, a business entity comprising Insurance, Banking, Real Estate, Farming, Mining, and Media. He is also the founder and president of the Institute for Fiscal Studies in Ghana, and uniBank which controversially collapsed in 2018.

6. Samuel Esson Jonah

Samuel Jonah is a Ghanaian entrepreneur, businessman, and one of the richest people in Ghana, with an estimated net worth of $650 Million. He is the executive chairman of Jonah Capital, an equity fund based in South Africa.

Dr. Jonah started his career in the early 1970s as a worker in Ashanti Goldfields, eventually rising to be the CEO. He took the company to new heights, becoming the first African company listed on the New York Stock Exchange.

In 2009, he became a non-executive director of Vodafone and founded Jonah Capital in the same period. Jonah Capital is involved in a wide range of businesses and ventures, including mining, agriculture, oil and gas, real estate, and finance. Dr. Jonah is the current chancellor of the University of Cape Coast.

7. Ghassan Yared

With an estimated net worth of $480 Million, Ghassan Yared takes the seventh spot amongst the richest people in Ghana. He is a businessman and entrepreneur notable for revolutionizing Ghana’s business sector.

Yared is the founder and owner of Forewin Ghana Limited, a Distribution and Marketing Company that was launched in Ghana in March 1993. The company is the sole marketer and distributor of popular household brands like Peak Milk, St Louis Sugar Cubes, etc in the country.

Aside from Forewin Ghana Group of Companies Ghassan Yared is also involved in multiple companies such as Mabani Ltd, Mass Industries Ltd, Lewadis FZE, Diplo FZE, Cape Trading Ltd, and HMD.

8. Serge Bakalian

Serge Bakalian is a Ghanaian business of Armenian descent and one of the richest people in Ghana, with an estimated worth of $460 Million. He is the Executive Director of Takoradi Flour Mills.

Serge inherited the company from his father, Vasken Bakalian. He has since then pushed the company to new heights by applying successful business tactics that resulted in millions of dollars in income.

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

9. Dr. Kwesi Ndoum

Dr. Kwesi Ndoum is a well-known businessman, politician, and one richest people in Ghana, with an estimated net worth of $300 Million. He has served in various capacities during Ghana’s several administrations.

Dr. Kwesi began his career as a life insurance underwriter for the North-Western Mutual life insurance firm. He then went to work for several firms spread across numerous industries before going into politics.

Politically, He was a member of parliament for the Komenda-Edina-Eguafo-Abirem constituency. He also served in the Kufuor government as a minister of state in various positions from 2001 to 2007.

10. Nana Akufo-Addo

Nana Akufo-Addo is the current president of Ghana and one of the richest people in the country, wirth an estimated net worth of $250 Million. He has been instrumental in the country’s prosperity and industrialization.

Nana Akufo-Addo was born into the royal family of Adeline and Edward Akufo-Addo, who served in the military and held prominent posts in Ghana.

Before becoming president, he served as the country’s Attorney General for two years, from 2001 to 2003. He worked as the country’s Attorney General for four years before becoming the country’s Minister of Foreign Affairs.