Top 10 Richest Men In Ghana: Ghana has one of the largest economies in West Africa and is home to some of the wealthiest people on the continent. It is one of Africa’s prides due to its huge cultural, human, tourist, mineral, and other resources.
Since 2012, Ghana has been growing at a very respectable annual rate, and this year is expected to be no different. This expansion has led to an increase in the wealth of several individuals.
It’s not unusual to find some well-known individuals who are referred to as “the richest men in Ghana” with substantial fortunes in a diverse nation like Ghana.
The nation has yet to have a representative among Africa’s top 10 on a list that is dominated by Nigerians, South Africans, Egyptians, and Moroccans.
Top 10 Richest & Wealthiest Men In Ghana 2022
1.Ernesto Tarricone, who has a net worth of $1.3 billion, is now the richest person in Ghana. He was born in Italy but recently attained American citizenship through naturalization.
Tarricone made the decision to move to Ghana after realizing the country’s economic potential. He invested in several different sectors of the Ghanaian economy. As the CEO and Executive Chairman of the Trasacco company, Tarricone has been able to increase his fortune from millions to billions in just a few decades.
His several firms now employ around 4000 Ghanaians and foreigners, supporting the local content policy of the Ghanaian government. He oversaw the development of Trassaco Valley, which contains some of Ghana’s most luxurious homes.
- 2. Dr. Kwame Addo Kufuor, estimated to be worth USD 1.2 billion. Dr. Kwame Addo Kufuor is the brother of former president John Kufuor. Despite the fact that he owns a sizable number of luxurious residences and has held the position of Minister of Defense in his brother’s administration, the doctor and politician assert that he is not wealthy.
At the University of Cambridge, Addo-Kufuor studied medicine for five years. After finishing his undergraduate work at Jesus College and the Middlesex Medical School Hospital, he pursued his education in this field.
Despite having a medical degree, he never meant to work in medicine because his political aspirations trumped his desire to be a doctor. The president of the Ghana Chamber of Mines at the moment is Addo-Kufuor.
3. John Mahama, who has a net worth of $900 million. In 2012, he succeeded Atta Mills as president of Ghana after Mills passed away while in office.
Mahama began his professional life as a historian, journalist, and communications specialist.
He has served as the country’s vice president and as minister of communications during his political career. He has also served as deputy minister of communications.
Mahama held a position as a secondary school history teacher prior to taking on any of these political duties.
4. Mohammed Ahmed Odaymat, is fourth on the list of richest men, has a net worth of $850 million. Alhaji Mohammed Ahmed Odaymat is one of the wealthiest men in Ghana.
Although he was born in Ghana, Mohammed Ahmed Odaymat has Lebanese heritage. He worked for Toyota Ghana before buying the BBC Industrial Company in 1978.
He currently serves as the chairman of IPMC, a company that works to improve the digital economy in the area through projects in systems integration, software development, and IT skill-building.
Mohammed Ahmed Odaymat established additional companies, such as Rana Motors & Metal Works Engineering Co. Ltd., that provided additional sources of income, enabling him to amass a sizable net worth and rise to prominence as one of Ghana’s richest people.
- 5 .The Irani Brothers: The Irani Brothers are well-known in Ghana today and have a net worth of $800 million. They have provided the people of the nation with premium flour and pastries for more than 20 years, making them a household name.
In Ghana, these brothers have made enormous strides, especially in the flour industry, where they manufacture 55% of the nation’s flour and pastries. They have such a strong economic impact on Ghana that it is impossible to ignore them.
The brothers’ business expanded to include pastries after seeing significant success in the mills and grain industry.
This is because existing companies in the sector were unable to meet the rising demand for pastries. Now, the company turns out 200,000 metric tons of flour annually. They have unrivaled dominance in Ghana’s flour business.
- 6. The Kalmonis: The Kalmoni family has a $700 million net worth. The Kalmonis are one of the wealthiest families in Ghana, and they are the family on our list.
The wealth of the Kalmoni Family is directly associated with Japan Motors, a significant automaker with seven subsidiary companies and a net worth of $700 million. It is believed that the current Kalmoni family originated from Kalmoni & Sons, which the current Kalmoni family’s grandfather created in 1912.
- 7. Kwabena Duffuor, a well-known politician from Ghana who has served as the Finance Minister and Governor of the Bank of Ghana, is thought to have a net worth of $680 million USD. Duffuor received praise for his efforts as the Governor of the Bank of Ghana, where he implemented measures to increase the nation’s reserves.
As a result, the nation’s economy expanded gradually before peaking in 1998. Duffuor excelled at what he did to the point where he was recognized as one of the top central bank governors worldwide at the IMF/World Bank’s Annual General Meeting. His charitable endeavors support his wealth, which places him among Ghana’s richest people.
He started his career at the Ghana Commercial Bank at the bottom of the organizational hierarchy before rising to such prominence in Ghana. He was given the opportunity to become the bank’s top economist when his skills were recognized.
He held a part-time position as an examiner at the University of Ghana in 1985.
Duffuor was elevated to General Manager of the Ghana Commercial Bank’s London branch due to his success in his prior position. In 1995, he came back to Ghana to work as the deputy governor of bank of Ghana.
8. Sam E. Jonah, whose net worth is estimated to be USD 650 million, is number eight. Executive chairman of Jonah Capital is Dr. Sam Jonah. The business has its headquarters in South Africa and works in a number of industries, including mining, agriculture, oil, gas, real estate, and finance.
Early in the 1970s, Dr. Jonah started working. In 1979, he joined Ashanti Goldfields and eventually rose to the position of CEO. He took the business to new heights and helped it become the first African company to list on the New York Stock Exchange.
- 9. Serge Bakalian (Net Worth: $460 Million): Despite having Armenian ancestry and African heritage, Bakalian is one of Ghana’s richest men. Bakalian, unlike the bulk of the persons on this list who became billionaires through their own efforts, became wealthy after inheriting his father’s flour mill business.
After inheriting the company, Bakalian was able to take it to new heights by implementing profitable business strategies that generated millions of dollars in income.
- 10. Dr. Kwesi Ndoum, one of the wealthiest men in Ghana with a net worth of $300 million. He is a well-known politician and businessman who has held a variety of positions under Ghana’s numerous administrations.
From 2001 to 2007, he held a number of ministerial positions in President Kufuor’s cabinet as a minister of state for the Komenda-Edina-Eguafo-Abirem constituency.
Before rising to prominence in Ghanaian society, he lived the majority of his life there. He was a Life Insurance Underwriter for North-Western Mutual Life Insurance Company for three years.