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Meet visionaries like Ernesto Tarricone, Kwame Addo Kufour, and Dr. Kwabena Duffuor, each leaving their mark on Ghana’s growth.
From building thriving businesses to steering political courses, these figures symbolize progress in the African nation.
In this article, we’ll delve into the stories of the 7 Richest People in Ghana, celebrating their achievements, contributions, and the lasting impact they’ve made on Ghana’s history.
1. Ernesto Tarricone – First in the Richest People in Ghana list
Ernesto Tarricone, an Italian entrepreneur born in 1948, made Ghana his home in 1968 and has since played a pivotal role in the nation’s development.
As the head of the Trasacco Group, Tarricone oversees a diverse portfolio that includes construction, agriculture, mining, and real estate.
His ventures, such as the Trasacco Estate Development Company, Royal Aluminium Systems, and TEDC Quarry, have injected millions into active projects throughout Ghana.
Renowned for building upscale residences, his construction companies have left an indelible mark on the landscape.
Ernesto Tarricone has an estimated net worth of $1.3 billion, cementing his place among Ghana’s foremost business magnates and shaping the nation’s economic landscape.
2. Kwame Addo Kufour
Kwame Addo Kufour, a distinguished Ghanaian politician and sibling to former President John Agyekum Kufour, brings a wealth of experience to the political arena in Ghana.
Armed with a medical degree, he initially served in hospitals both in Ghana and the UK. It was before venturing into politics in 2000 as a member of the Parliament for the Manhiya constituency.
Kufour’s political journey has been marked by various significant roles. Minister of Interior, Minister of Presidential Affairs, and Minister of Defense are most remarkable ones. Beyond politics, he is actively involved in numerous organizations such as the Ghana Red Cross Society and the Ghana Medical Association.
With a net worth estimated at $1.2 billion, Kwame Addo Kufour stands as a notable figure in Ghana’s political and social fields.
3. John Mahama – Third Richest People in Ghana
Serving as both President and Vice President of Ghana, Mahama is renowned for his extensive political career. He held positions such as Minister of Foreign Affairs, Minister of Communications, and Deputy Minister.
A trailblazer, he is the first Ghanaian president to have traversed all levels of political office.
Mahama’s academic background includes a bachelor’s degree in history, a diploma in communication studies, and studies in social psychology in the Soviet Union.
He belongs to the National Democratic Congress party and is a successful author, known for works like “The Voice of Freedom.” In addition, his estimated net worth is $900 million.
4. Mohammed Ahmed Odaymat
Mohammed Ahmed Odaymat, an enterprising Lebanese businessman, has significantly shaped Ghana’s industrial landscape.
As the owner of BBC Industrial Company and the largest domestic paint manufacturer in the country, Odaymat has demonstrated prowess in the business world.
His entrepreneurial journey began in 1986. Then he founded Rana Motors and Metal Works Engineering, a venture that later expanded to include tires through a partnership with Goodyear.
Thriving during Ghana’s mining boom in the ’90s, Odaymat’s Rana Motors evolved to be the sole distributor of Kia cars in the country.
His business empire also extends to agency rights for various vehicle brands in Ghana. For example Swaraj Mazda, Suzuki, Yuejin, and Ashok Leyland.
With a net worth of $850 million, Mohammed Ahmed Odaymat stands as a formidable force in Ghana’s industrial and automotive sectors.
5. The Kalmoni Family
The Kalmoni Family, a longstanding Lebanese presence in Ghana. The family has left an enduring mark on the nation’s business world.
Establishing roots as early as 1912, the Kalmoni family initially worked in selling truck boards and importing cars. Over time, their entrepreneurial spirit thrived, eventually leading to the inception of the Melcom Group in the 1980s. Now, it stands as a retail juggernaut with over 40 stores scattered across Ghana.
Beyond retail, the Kalmonis have played a pivotal role in shaping Ghana’s real estate sector, owning an impressive portfolio of properties in the country.
Committed to philanthropy, the family also established the Kalmoni Family Foundation, providing vital support to students in need through free scholarships.
They have an estimated net worth of $700 million. It stands as a testament to the enduring impact of Lebanese entrepreneurship in Ghana.
6. The Irani Brothers
The legacy of the Irani Brothers, Anthony and Edmund, continues to shape Ghana’s agricultural landscape even after their passing.
Originally Lebanese, the brothers immigrated to Ghana in 1967. They left behind a lasting impact through the largest wheat flour mill in the country.
Although the founders have passed away, their family proudly carries on their entrepreneurial spirit.
The Irani Brothers’ mill boasts over 40 years of operation making it the oldest flour mill in Ghana. Importing an impressive 180,000 metric tonnes of wheat annually, the mill stands as the nation’s largest in capacity, commanding a substantial 60% share of wheat flour sales in Ghana.
The family reportedly has a net worth of $850 million.
7. Kwabena Duffuor
Dr. Kwabena Duffuor, 7 of richest people in Ghana, a distinguished Ghanaian banker and politician. He has left an undeniable mark on both the financial and political fields in the country.
He got a bachelor’s degree in economics from Ghana University and a Master’s degree in Business Administration from Syracuse University in New York. Then he got another Master’s degree in Economics and a Ph.D. in international finance and political economy.
One of Dr. Duffuor’s career highlights was leading the London Branch of Ghana Commercial Bank in 1991. During his time there, he managed to increase profits significantly from £1.5 million to £3.6 million in just three years.
Later, he assumed the prestigious role of Governor of the Bank of Ghana in the late ’90s. His impact resonated further as he served as the Minister of Finance and Economic Planning from 2009 to 2012.
With a net worth of $680 million, Dr. Kwabena Duffuor is easily one of the richest men in Ghana.
Final Thoughts About Richest People in Ghana
In the world of Ghanaian business and politics, these not only the richest people in Ghana, but remarkable individuals and their families have shaped a story of wealth and progress.
From business prowess to political leadership, their contributions leave an inspiring legacy for generations to come.
Want to know more about richest people? Read 10 richest people in history and 5 richest people in France
