We bring forth a fresh tally of the top 10 richest men in Ghana for 2023. Yes! the affluents residing in Ghana, showcasing their individual wealth totals. Indeed, the crème de la crème of Ghana’s wealth hierarchy are being brought to light.
Ghana, one of the economic powerhouses of West Africa, houses some of Africa’s wealthiest figures. The country’s vast reservoir of human, cultural, touristic, mineral, and other rich resources underscore its standing as one of Africa’s notable success stories.
The nation of Ghana is a melting pot of diversity, and it comes as no surprise that a select few, tagged as “Ghana’s richest men”, have accumulated significant fortunes.
Our newly published piece on the top ten richest musicians in Nigeria offers insights into the lives of these African titans – their professions, income streams, and present net worth.
In this current piece, we delve into the lives of Ghana’s ten most affluent men, unveiling their vocations and their existing wealth totals. Additionally, you will uncover intriguing details about each of these individuals.
The Top 10 Richest Men In Ghana 2023
|Rank||Wealthiest and Richest Men In Ghana 2023||Estimated Net Worth|
|#1||Ernesto Taricone||$1.3 Billion|
|#2||Dr. Kwame Addo-Kufuor||$1.2 Billion|
|#3||John Mahama||$900 Million|
|#4||The Irani Brothers||$800 Million|
|#5||Kwaben Duffuor||$680 Million|
|#6||Samuel Esson||$650 Million|
|#7||Ghassan Yared||$480 Million|
|#8||Serge Bakalian||$460 Million|
|#9||Dr. Kwesi Ndoum||$300 Million|
|#10||Nana Akufo-Addo||$250 Million|
10. Nana Akufo-Addo Net Worth: ($250 million)
Nana Akufo-Addo, a prominent figure in Ghana, ranks among the richest men in Ghana, topping our list.
Ever since he assumed the presidential role, he has become a pivotal force behind Ghana’s growth and the evolution of its industries.
Before rising to the presidential seat, Akufo-Addo held the office of Attorney General, serving the country in this capacity from 2001 to 2003.
Post his tenure as Attorney General, Akufo-Addo assumed the responsibilities of the Minister of Foreign Affairs, a position he held for a subsequent four-year term.
Hailing from the royal lineage of Adeline and Edward Akufo-Addo, Nana Akufo-Addo was born into a family that held significant influence in Ghana during their military service.
His father, Edward Akufo-Addo, served the nation both as Chief Justice and later as the non-executive President for several years.
It appears that Nana Akufo-Addo has upheld his family’s legacy by ascending to the apex of Ghana’s political structure.
9. Dr. Kwesi Ndoum (Net Worth: $300 million)
The list of the richest men in Ghana wouldn’t be complete without the mention of Dr. Kwesi Ndoum. This illustrious character is not just an established entrepreneur, but he has also carved a niche for himself in the political sphere, serving under several Ghanaian administrations.
A highlight of his political journey includes representing the Komenda-Edina-Eguafo-Abirem district as a parliamentarian. Additionally, he was an influential figure in the state machinery during the Kufuor administration between 2001 and 2007, serving in several ministerial capacities.
Before his renowned stature in Ghanaian society, Ndoum spent a significant portion of his life in the United States.
His initial career path led him to an insurance company where he held the position of a Life Insurance Underwriter at North-Western Mutual Life Insurance Company for a span of three years.
Financial pressures led him to leave this company, but it wasn’t long before he became a respected employee at the Blue Cross Blue Shield of Wisconsin.
Ndoum amassed most of his wealth by offering his expertise to the British firm, Deloitte and Touche, aiding their operations in West Africa. As his contributions to the Ghanaian community began to shine, Ndoum quickly gained recognition and was subsequently entrusted with a public office, becoming a member of Parliament in 2001. Today, it is no surprise that Ndoum holds a firm position among the wealthiest men in Ghana.
8. Serge Bakalian (Net Worth: $460 million)
Bakalian is listed among the richest men in Ghana despite having mixed ancestry and Armenian origin.
Bakalian became as wealthy as he is because to inheriting the flour mill company his father founded, in contrast to most people on this list who became millionaires on their own through independent business initiatives.
Bakalian has been able to take the business to new heights since he inherited it by employing successful business tactics that have helped the company generate millions of dollars in earnings.
Although most people might have assumed he had it easy after receiving such a large inheritance from his father, he deserves praise for being able to boost the company’s net value in just a few short years.
7. Ghassan Yared (Net Worth: $480 million)
Yared is one of the prominent people on this list of the richest men in Ghana who have created a business empire out of nothing.
For someone who came from a modest beginning, credit must be given to him for his work to make life better for people around him, as well as himself.
Through his great business acumen and ideas, he has been able to transform the business sector of Ghana, creating trends that have brought significant growth to the economy.
Yared created the marketing and distribution company in 1993 known as Forewin Ghana Limited. This company became so big 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.
Each of these companies holds distributing rights for major brands in Ghana such as Red bull, Peak milk, Titus Sardines, and so on.
6. Samuel Esson Jonah (Net Worth: $650 million)
Speaking of men with high intellectual capacity and business acumen, Samuel Esson Jonah is top of the crop, and one of the richest men in Ghana.
Jonah has demonstrated his business acumen in the Ghanaian business and industry in a variety of capacities over the previous two decades.
As a result, he has worked hard to earn every cent he has and is now one of Ghana’s wealthiest men. Jonah is the current Chancellor of the University of Cape Coast and the Executive Chairman of Jonah Capital, which he founded.
Jonah began his career with the Ashanti Goldfield Corporation, where he held various roles at various times before reaching adulthood and fame.
Jonah worked his way up through the company’s ranks to become the CEO and the company’s supervisor. He adopted many procedures while in this role, which resulted in a massive rise in the company’s productivity.
He rose through the ranks of Vodafone, the National Academy of Engineering, Equinox Minerals, and other organizations. He is now Ghana’s sixth richest man.
5. Kwabena Duffuor (Net Worth: $680 million)
Kwaben Duffuor is one of the well-known individuals in Ghana, having served as the minister of finance as well as the Governor of the Bank of Ghana.
Duffuor was credited with his work while he served as the Governor of the Bank of Ghana, after implementing strategies to help improve the reserves of Ghana.
This resulted in the gradual growth of the economy of the country, which culminated in 1998. Duffuor was so good at his job that he was named one of the best central bank Governors in the world during the annual General meeting of IMF/World Bank meetings. His good works justify his net worth which earns him a place among the richest men in Ghana.
Before becoming such a significant figure in Ghana, he started his career at the Ghana Commercial bank at the lowest position in the organization structure. After recognizing his abilities, he was promoted to become the chief economist of the bank.
He also worked as a part-time examiner in 1985 at the University of Ghana. Duffuor succeeded in his role at the Ghana Commercial Bank, and he was promoted to General Manager of the London branch of the bank. He returned to the country to become the Deputy Governor of the Bank of Ghana in 1995.
4. Irani Brothers (Net Worth: $800 million)
The Irani Brothers are so popular in Ghana today. They have been a household name for over 2 decades delivering quality flour and pastries to the citizens of the country.
These brothers have made giant strides in Ghana, especially in the flour industry of the country, as they are responsible for 55% of the flour and pastries consumed by the citizens. Their impact on the economy of Ghana is so much that it just can’t be overlooked.
After registering massive success in the flour business and mills, the company started by the brothers expanded to also cover pastries.
This is due to the ever-increasing demand for pastries which were not met by existing companies in that sector. Today, the company has an annual output of up 200,000 metric tons of flour. Their prominence in the flour industry in Ghana is simply unmatched.
3. John Mahama (Net Worth: $900 million)
John Mahama is the 3rd on the list of the top 10 richest men in Ghana. He once served as the president of Ghana in 2012, taking over from the deceased president Atta Mills.
Mahama started out his career as a writer, historian, and communications expert. Some of the prominent positions which he served till date through his political career include Minister of communications, Deputy minister of communication, member of the Ghanaian parliament and then Vice president of the country.
Prior to having all these political roles under his belt, Mahama was initially a teacher of history at secondary school level.
He, however, proceeded to study for his Master’s in Russia. After his return, he was appointed as the Information, culture, and research officer at the Japanese embassy in Ghana.
To further increase his knowledge and expertise in politics, he became part of the NGO, Plan International’s Ghana Country Office, where he worked as International Relations, Sponsorship Communications, and Grants Manager.
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2. Dr. Kwame Addo Kuffuor (Net Worth: $1.2 billion)
Kwame Addo-Kufuor is a widely known Ghanaian politician and physician who held numerous political offices while in active service.
Addo-Kufuor was a member of parliament for Manhyia. Between 2001 to 2007, became the Minister for Defence appointed by President John Kufuor who is his brother.
Between June 2008 and 2009, he was also appointed in the position of the minister of interior of Ghana.
Addo-Kufuor attended the University of Cambridge to study Medicine for five years. After the completion of his Bachelor’s degree, he proceeded to the Middlesex Medical School Hospital and Jesus College to further his studies in this field.
Despite all his studies in medicine, he would never major in the profession due to the political ambitions which took over his passion for practicing medicine. Today, Addo-Kufuor serves as the head of the Ghana Chamber of Mines.
1. Ernesto Taricone (Net Worth: $1.3 billion)
If you’ve asked the question; “who is the richest man in Ghana?” Here’s is your answer: As of today, Ernesto Taricone is currently the richest man in Ghana in 2023 with a net worth of $1.3 billion.
Hailing originally from Italy, he embraced a new identity as a naturalized citizen several years ago.
Deciding to venture into Ghana, Taricone saw an untapped opportunity in the country’s burgeoning economy. He opted to plunge into an array of diverse investments spanning across the country’s economic sectors.
In the span of a couple of decades, Taricone has managed to elevate his financial stature from multimillionaire status to the exclusive club of billionaires. As the CEO and Executive Chairman of Trasacco company, his financial acumen has played a pivotal role in this wealth multiplication.
His manifold businesses today provide a livelihood for over 4000 individuals, both Ghanaians and expatriates alike. This significantly contributes to the local content policy implemented by the Ghanaian government.
Donning the hat of a civil engineer, he played a crucial role in the creation of Trassaco Valley, now a landmark housing some of Ghana’s most opulent structures.
Taricone’s diversified investment palette spreads across a multitude of profit-making sectors in Ghana. These include mining, agriculture, real estate, construction, and much more.
The Richest Men In Ghana (Summary)
This list has been able to do justice to the current crop of men who wield the most influence in terms of financial power. The fact that most people here are businessmen shows how receptive Ghana is to business ventures, opportunities, and establishments.
This list of the wealthiest Ghanaian men has enlightened you on the Most Influential individuals in Ghana in terms of wealth. Do well to share with friends on your numerous social media accounts.
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