Top 10 Richest People In Ghana 2024
Ghana, a prominent West African economy, boasts a roster of affluent individuals contributing to its prosperity. The nation's accelerated development since 2012 has ushered in substantial wealth for many Ghanaians. This article delves into the noteworthy topic of the wealthiest individuals in Ghana, acknowledging the nation's strides in becoming a formidable force in Africa.
Renowned for its rich culture, abundant human and mineral resources, Ghana stands out as a source of pride for the African continent. The country holds the distinction of being the world's second-largest cocoa producer, and its stock exchange ranks as the fifth largest in Africa. These achievements reflect Ghana's dedicated efforts to establish itself as a leading African nation.
The economic advancements have elevated Ghana to the status of a middle-income country. Consequently, it is not uncommon to identify prominent figures celebrated as the wealthiest individuals in Ghana, embodying the diversity and success inherent in the nation. In recognition of their significant fortunes, this article unveils the top 10 richest people in Ghana, shedding light on the financial prowess that underscores the country's standing as a key player in Africa's economic landscape.
Richest People In Ghana 2023/2024
- Ernesto Taricone: $1.3 billion
- Dr. Kwame Addo-Kufuor: Information not provided
- John Mahama: $900 million
- The Irani Brothers: $800 million
- Kwaben Duffuor: $680 million
- Samuel Esson Jonah: $650 million
- Ghassan Yared: $480 million
- Serge Bakalian: $460 million
- Dr. Kwesi Ndoum: $300 million
- Nana Akufo-Addo: $250 million
1. Ernesto Taricone
Ernesto Taricone, the wealthiest individual in Ghana, possesses an estimated net worth of $1.3 billion. Originally from Italy, he obtained Ghanaian citizenship through naturalization several years ago. Recognizing the potential in Ghana's economy, Taricone chose to reside in the country and made diverse investments across its economic sectors. As the CEO and Executive Chairman of the Trasacco Group, he successfully transformed millions of investments into a billion-dollar enterprise over a few decades. Taricone's business ventures, employing over 4000 Ghanaians and expatriates, align with the government's local content strategy. Notably, he played a pivotal role in creating Trassaco Valley, showcasing some of Ghana's most opulent structures.
2. Dr. Kwame Addo-Kufuor
Dr. Kwame Addo-Kufuor, ranking second among Ghana's richest individuals, is a renowned Ghanaian politician and physician. He studied medicine at the University of Cambridge, earning a bachelor's degree, and furthered his education at the Middlesex Medical School Hospital and Jesus College. Politically, Dr. Kwame served as a Member of Parliament for Manhyia, Minister for Defence from 2001 to 2007 under President John Kufuor, and later as the Minister of Interior between June 2008 and 2009. His fulfilling career has spanned various political positions, showcasing his commitment to public service.
3. John Mahama
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John Mahama, the former President of Ghana, holds the third spot with an estimated net worth of $900 million. His career journey started as a writer, historian, and communications expert. Progressing through roles such as Minister of Communications, Member of Parliament, and Vice President, Mahama assumed the presidency after the death of his predecessor, John Evans Atta Mills. While accumulating wealth throughout his career, Mahama faced corruption allegations during his time in political office.
4. The Irani Brothers
Prominent in Ghana, the Irani Brothers have earned recognition for nearly two decades, particularly for their contributions to the flour industry. Manufacturing 55 percent of the country's flour and pastries, these brothers have left an indelible mark on Ghana's economy. Their combined net worth of $800 million solidifies their status as one of the country's wealthiest duos, reflecting their substantial economic impact.
5. Kwaben Duffuor
Kwaben Duffuor, a distinguished Ghanaian politician, secured the fifth spot among the richest individuals in Ghana with an accumulated fortune of $680 million. Serving as both the Minister of Finance and the Governor of the Bank of Ghana, Duffuor played a key role in implementing initiatives to enhance Ghana's reserves. Beyond politics, he is an entrepreneur, founding and chairing HODA Holdings, a business entity spanning Insurance, Banking, Real Estate, Farming, Mining, and Media. Additionally, Duffuor founded and presided over the Institute for Fiscal Studies in Ghana and was involved in the controversial collapse of uniBank in 2018.
6. Samuel Esson Jonah
An entrepreneur and businessman, Samuel Jonah is among the richest individuals in Ghana, boasting an estimated net worth of $650 million. As the executive chairman of Jonah Capital, a South African equity fund, he has diversified his ventures into mining, agriculture, oil and gas, real estate, and finance. Dr. Jonah commenced his career in the early 1970s at Ashanti Goldfields, eventually rising to become the CEO. Under his leadership, the company achieved a historic milestone as the first African company listed on the New York Stock Exchange. Additionally, Dr. Jonah currently serves as the chancellor of the University of Cape Coast.
7. Ghassan Yared
Taking the seventh spot among Ghana's wealthiest, Ghassan Yared, a businessman and entrepreneur, boasts an estimated net worth of $480 million. Notably, he revolutionized Ghana's business sector as the founder and owner of Forewin Ghana Limited, a Distribution and Marketing Company. His business portfolio extends to companies like Mabani Ltd, Mass Industries Ltd, Lewadis FZE, Diplo FZE, Cape Trading Ltd, and HMD.
8. Serge Bakalian
Of Armenian descent, Serge Bakalian is a Ghanaian businessman and one of the richest individuals in Ghana, with an estimated worth of $460 million. As the Executive Director of Takoradi Flour Mills, he inherited the company from his father, Vasken Bakalian. Under Serge's leadership, the company has experienced significant growth, expanding its capacity and contributing millions of dollars in income.
9. Dr. Kwesi Ndoum
A prominent businessman and politician, Dr. Kwesi Ndoum is one of the richest people in Ghana, with an estimated net worth of $300 million. Starting his career as a life insurance underwriter, he later ventured into politics, serving as a Member of Parliament and holding various ministerial positions in the Kufuor government from 2001 to 2007.
10. Nana Akufo-Addo
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Currently serving as the President of Ghana, Nana Akufo-Addo is also one of the country's wealthiest individuals, with an estimated net worth of $250 million. Born into a royal family, he has played instrumental roles in Ghana's prosperity and industrialization. Before assuming the presidency, Akufo-Addo served as the country's Attorney General and later as the Minister of Foreign Affairs.
