Insight

• Dimunayo Tengi
• 6 Min Read

Ghana Billionaires: Top 10 Richest Men In Ghana

Ghana, one of West Africa’s leading economies, has cultivated a generation of astute businessmen, influential leaders, and innovative entrepreneurs. These individuals have not only built immense wealth for themselves but have also contributed meaningfully to the growth of Ghana’s economy across diverse sectors such as mining, oil, real estate, media, agriculture, construction, and finance. In this article, we’ll delve into the top 10 richest men in Ghana as of 2025, shedding light on their business empires, financial accomplishments, and overall impact on society.

1. Kevin Okyere – Net Worth: $1.2 Billion

Kevin Okyere stands at the forefront of Ghana's oil industry as the founder and CEO of Springfield Group. Established in 2008, Springfield has achieved remarkable milestones, including becoming the first Ghanaian company to drill in deepwater and discovering approximately 1.5 billion barrels of oil in the West Cape Three Points Block 2. Beyond oil exploration, Okyere's philanthropic efforts through the Kevin Okyere Foundation have significantly impacted education and healthcare in Ghana.

2. Ernesto Taricone – $1.3 Billion

Next on the list is Ernesto Taricone, a wealthy industrialist of Italian descent who has adopted Ghana as his business home. He serves as the executive chairman of the Trasacco Group, a conglomerate that is well-known for its influence in Ghana’s real estate, construction, and agribusiness sectors.

The Trasacco Group has been behind some of the most iconic developments in Accra, including high-end residential estates, commercial hubs, and infrastructure projects that have redefined Ghana’s urban landscape. Taricone’s ability to blend European construction expertise with local opportunities has placed him among Ghana’s financial elite. He has also expanded into agriculture, supporting food production and rural development.

3. Dr. Kwame Addo-Kufuor – $1.2 Billion

Dr. Kwame Addo-Kufuor, a medical doctor by training and a former government minister, has transitioned into one of Ghana’s wealthiest individuals. Known for serving as Minister of Defense, he has since expanded into the realms of finance, property development, and agriculture.

His political exposure gave him access to wide networks, which he utilized to diversify his investments. With stakes in banks, real estate firms, and agricultural ventures, Addo-Kufuor's business strategy has focused on stability and long-term growth. His unique blend of public service experience and business acumen makes him a key player in Ghana’s private sector.

4. Sir Sam Jonah – $1.2 Billion

A titan in the mining industry, Sir Sam Jonah is an iconic figure in Ghana and across Africa. He gained widespread recognition during his time as CEO of Ashanti Goldfields Company, which under his leadership became one of the continent’s leading gold producers.

Sir Sam's ability to steer Ashanti through international expansion earned him global respect and immense personal wealth. Post-mining, he diversified into sectors like agriculture, telecommunications, and investment advisory. His role as a board member for multinational corporations and African business councils further cements his status as an influential economic force.

5. Osei Kwame Despite – $1 Billion

Dr. Osei Kwame Despite, a household name in Ghana’s media and food processing industries, is the founder of the Despite Group of Companies. Starting with small trading ventures, he built a media empire that includes numerous radio and television stations, such as Peace FM, Okay FM, and UTV.

In addition to media, Dr. Despite has invested in food manufacturing through companies like Neat Foods, producing locally-consumed goods like canned foods and beverages. His businesses not only generate revenue but also provide thousands of jobs. Despite is admired for his philanthropic work, particularly in health care and education.

6. Nabil Edmond Moukarzel – $900 Million

Nabil Edmond Moukarzel, a prominent figure in Ghana’s business landscape, has carved out a niche in the importation, distribution, and processing of food products. With strong links to international brands and local production facilities, he has built a business empire that ensures food availability and affordability in Ghana.

Moukarzel’s companies have played key roles in strengthening Ghana’s agricultural value chain, from processing raw materials to distributing finished products. His expertise in logistics and supply chain management has allowed him to build significant wealth while contributing to national food security.

7. John Dramani Mahama – $900 Million

John Mahama, a former President of Ghana, has a considerable personal fortune that stems not only from his political career but also from international engagements, consultancy work, and private investments. Since leaving office, Mahama has remained active on the global stage, earning lucrative speaking and advisory roles.

His influence extends into business sectors such as real estate and communications, where he is believed to hold equity in various companies. While his wealth has sometimes been the subject of political debate, there’s no denying that Mahama stands as one of Ghana’s most affluent public figures.

8. Michael Ibrahim Mahama – $860 Million

Michael Ibrahim Mahama, popularly known as Ibrahim Mahama, is the younger brother of former President John Mahama and a successful businessman in his own right. He is the founder of Engineers and Planners, one of West Africa’s leading construction and mining firms.

His company manages large-scale contracts involving earthmoving equipment, haulage, and mining services. Over the years, Ibrahim has diversified into cement production, real estate, and energy projects. His wealth stems from years of carefully planned business ventures, and his work has brought significant industrial growth to Ghana.

9. Alhaji Mohammed Ahmed Odaymat – $850 Million

Alhaji Odaymat is another industrial heavyweight, known for his work in manufacturing and distribution. He owns several companies that specialize in assembling and selling consumer goods, electronics, and household appliances.

His firm, Rana Motors, is a leading name in the automotive industry, representing major global brands in Ghana. Odaymat’s success comes from his strategic alliances with international manufacturers and his ability to adapt to local market needs. He is also known for supporting community development through charitable donations and employment creation.

10. Dr. Joseph Siaw Agyepong – $800 Million

Dr. Joseph Siaw Agyepong is a celebrated entrepreneur and the founder of the Jospong Group of Companies, which boasts over 30 subsidiaries operating in waste management, ICT, finance, and construction. His most notable venture, Zoomlion Ghana Limited, revolutionized waste management in the country.

Through public-private partnerships, Jospong Group has become an integral part of Ghana’s sanitation infrastructure. Agyepong's innovative approach to business and sustainability has garnered him local and international acclaim. He continues to invest in areas that address national challenges, such as clean energy and digital finance.

Summary Table: Top 10 Richest Men in Ghana (2025)

Conclusion

The wealthiest men in Ghana have built their fortunes not just through business prowess, but also through vision, resilience, and commitment to national development. From oil and mining to waste management and media, these individuals are not only accumulating wealth but also shaping the socio-economic landscape of Ghana. Their stories serve as both inspiration and blueprint for aspiring entrepreneurs across Africa and beyond.

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