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Ten female dollar millionaires worth knowing in Ghana

Women are fighting the general trend in Ghana, with some now ranking among its biggest dollar millionaires. 



Ghanaian businesswoman Theresa Oppong-Beeko.

As of 2020, Ghana’s female population almost equaled its male population. 

According to Statista, the female population amounted to approximately 15.32 million in 2020, while its male population amounted to about 15.75 million.

Money-wise, however, men still tend to dominate the business, investor and political business. 

Even so, some women now rank among the country’s biggest dollar millionaires. 

Women like Patricia Poku-Diaby, Valentina Mintah and Grace Amey-Obeng are building their empires from scratch. 

At the same time, Freda Yahan Duplan and former First Lady Nana Konadu Agyeman have amassed fortunes through their strong dedication to their chosen careers.

It is important to note that limited availability of financial data on the Ghanaian market makes it hard to track the actual number of female dollar millionaires in the country. 

Below is a list of 10 female dollar millionaires in Ghana whose business and career portfolios have been used as a benchmark to guide our assessment of their wealth. 

#1 Patricia Poku-Diaby

Patricia Poku-Diaby is the founder and CEO of Plot Enterprise Group, a cocoa-processing company in Ghana. 

Plot Enterprise Group processes and manufactures natural and alkalized cocoa liquor, natural cocoa butter, natural and alkalized cocoa cake and natural cocoa powder from Ghana.

Poku-Diaby is the richest woman in Ghana with an estimated net worth of more than $600 million.

#2 Theresa Oppong-Beeko

Theresa Oppong-Beeko ranks among the top five richest women in Ghana. She is the CEO of Manet Group. 

Manet Group is a real estate development holding that constructs commercial and residential property.

#3 Rebecca Akufo-Addo

Rebecca Akufo-Addo is the first lady of Ghana and founder of the Rebecca Akufo-Addo Foundation. Founded in 2017, nonprofit aims to enhance government efforts to support Ghanaian women and children.

Akufo-Addo is presently advocating against malaria, infant mortality and malnutrition in children and adolescents. She is also contributing to women’s health in Ghana and across Africa.

#4 Kate Quartey Papafio

Kate Quartey Papafio is a Ghanaian entrepreneur and the first cable manufacturer in the ECOWAS region. She is the CEO of Reroy Group, a cable company founded in 1992.

Its subsidiaries include Reroy Energy Limited and Reroy Cables Limited Quartey.

#5 Grace Amey-Obeng

Grace Amey-Obeng is the founder and CEO of Forever Clear Group. 

In November 2017, she was elected as an executive member of the National Treasurer of the Association of Ghana Industries. The Ghanaian nonprofit composes voluntary business associations of more than 1,200 members drawn from small, medium and large enterprises.

Her net worth is primarily derived from her cosmetic company.

#6 Gifty Lamptey

Gifty Lamptey is the largest individual shareholder in Sidalco, one of West Africa’s largest fertilizer distributors. She inherited an estate, as well as the company, making her one of the richest women in Ghana.

Lamptey is the CEO of Sidalco Group. Its subsidiaries include Dominion International Petroleum, Sidalco Construction and Roads, DEL Estates and Empire Concretes.

#7 Valentina Mintah

Valentina Mintah is a Ghanaian ICT mogul and founder of West Blue, a multimillion-dollar Ghanian company.

Her software is used by the Nigerian Customs Service, facilitating the customs-clearing process while generating savings for the federal government and importers.

As a technical partner for developing Ghana’s National Single Window System, her software also saved Ghana $500 million in its first two years of operation.

She was appointed last year to the International Chamber of Commerce (ICC). She is the first Ghanaian and first Black woman to be appointed on the ICC executive board.

#8 Edith Dankwa

Edith Dankwa is a Ghanaian media entrepreneur, consultant and founder of Ghana’s biggest business newspaper, Business and Financial Times Limited (B&FT).

Founded in 1989, the company renders business advisory services and has served as a market entry strategist for businesses that seek to extend their operations into Africa.

Through B&FT, Dankwa controls Business Times Africa Magazine, Energy Today Magazine and B&FT. She is worth millions of dollars.

#9 Nana Konadu Agyeman

Nana Konadu Agyeman is a politician and former Ghanaian first lady. She is the wife of the late, legendary President Jerry John Rawlings.

In 2016, she became the first woman to run for president. 

Her net worth is estimated between $2 million and $5 million.                                                                                                                    

#10 Freda Yahan Duplan 

Freda Yahan Duplan is a renowned Ghanaian corporate leader with three decades of experience working  with Nestle Group. She was Nestle’s first African female CEO.

She also was the managing director of Nestle Pakistan Limited and head of Nestle Business Services in Manila, Philippines. 

Duplan is the chairperson of ‎Zenith Bank’s Ghana subsidiary.

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Africa’s richest man Aliko Dangote gains $100 million in June

The $100-million increase in his net worth in June follows a $300-million decline in May.



Aliko Dangote.

Africa’s richest man Aliko Dangote saw his net worth rise by $100 million in June despite the mixed performance of his publicly traded companies, as investors reduced their positions in shares that had delivered impressive year-to-date growth due to profit and valuation concerns.

According to data from the Bloomberg Billionaires Index, Dangote’s net worth increased by $100 million between the start of business on June 1 and the end of business on June 30, rising from $20.3 billion to $20.4 billion.

The $100-million increase in his net worth in June follows a $300-million decline in May, when investors sold down shares in his flagship company Dangote Cement as part of a move to preserve wealth after the cement maker’s stock price surged to an all-time high of N300 ($0.72) per share on May 19.

The increase in his net worth brings his year-to-date wealth gains to $1.32 billion, making him one of the few billionaires in the world who have been able to record impressive gains in their fortunes despite recent stock market declines.

Apart from the multimillion-dollar increase in his net worth in June, the Nigerian billionaire, who recently launched the continent’s largest granulated urea fertilizer complex, received a total dividend of $725.2 million this year from his publicly traded businesses, which is significantly more than the $639.5 million he received last year.

Through his manufacturing conglomerate Dangote Industries Limited, Dangote opened an application nearly four days ago to raise up to N300 billion ($723 million) in medium-term debt funding from Nigerian investors to fund the completion of his $19-billion integrated refinery and petrochemical complex, Dangote Oil Refinery.

The refinery’s pipeline infrastructure, when completed in the first half of 2023, will process 540,000 barrels of Nigerian crude per day in the first phase of operation, increasing to 650,000 barrels per day later.

The refinery will also produce 65 million liters of premium motor spirits (petrol), 15 million liters of diesel, and 3 billion standard cubic feet of gas per day.

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Egypt’s richest man Nassef Sawiris loses $600 million in June after gaining $1.25 billion in May

His fortune is derived from a 38.8-percent stake in Netherlands-based OCI N.V. and a six-percent stake in German sportswear behemoth Adidas.



Egypt's richest man Nassef Sawiris.

After reporting a whopping $1.25-billion increase in his net worth in May, Egypt’s richest man Nassef Sawiris saw his fortune plummet by $600 million in June as the market value of his investment portfolio fell by double digits, mirroring the drop in EU stocks over the month.

Sawiris, a leading Egyptian businessman and one of Africa’s richest billionaires, serves on the boards of Adidas, a leading sportswear manufacturer, and OCI N.V., a global manufacturer and distributor of nitrogen products.

The majority of his fortune is derived from a 38.8-percent stake in Netherlands-based OCI N.V. and a six-percent stake in German sportswear behemoth Adidas, which is valued at $2.11 billion at the time of writing this report.

According to data from the Bloomberg Billionaires Index, Sawiris had a net worth of $7.45 billion at the start of business on June 1, but his net worth dropped to $6.85 billion at the end of business on June 30 due to a decline in the share prices of OCI N.V. and Adidas.

The $600-million decline in his net worth in June follows a drop in EU equities as global markets face immense pressure, with aggressive monetary tightening by the U.S. Federal Reserve and other major central banks fueling fears of an impending economic downturn.

Despite the recent loss, the year-to-date change in Sawiris’ net worth remains positive, with the businessman’s fortune rising by more than $350 million this year, from $6.5 billion at the start of business in January to $6.85 billion at the time of writing.

The increase in his net worth year-to-date can be linked to his stake in OCI N.V., which enjoyed an increase in its valuation after the group reported a 246-percent increase in net income in the first quarter of 2022, from $102 million in the first quarter of 2021 to $354 million, driven by a 108-percent rise in revenue above $2.3 billion due to higher volumes and selling prices.

The group revealed that its outlook remains positive until at least 2024, providing strong support for nitrogen prices to remain above historical averages.

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Ghanaian tycoon Daniel McKorley’s McDan Group to donate land to students for soya bean cultivation

McKorley is a well-known businessman and the founder and CEO of the McDan Group.



Ghanaian tycoon Daniel McKorley.

Ghanaian tycoon Daniel McKorley has announced plans to donate three to five acres of land to students for soya bean cultivation as part of the efforts to increase food sufficiency in Ghana, as food prices continue to rise due to supply constraints exacerbated by the war in Ukraine.

According to GhanaWeb, the leading business mogul announced the decision at the third edition of the McDanYouthConnect series of events, explaining that the move is part of a concerted effort to improve agriculture and promote food sufficiency in the country. He added that students will be given the opportunity to cultivate one or two products and create value for the nation.

His decision, which was applauded by all dignitaries and persons who attended the event, resulted in the release of 100 acres of land for the block farming project.

McKorley went on to advise students to continue engaging with the “right” people to increase their knowledge base, to network, and to ask for help when trying out something new, as such an attitude in life will allow them to unlock their future potential and grow.

McKorley is a well-known businessman and the founder and CEO of the McDan Group of Companies, an Accra-based transportation and logistics group with three divisions: McDan Shipping, McDan Aviation, and McDan Logistics.

Aside from its core operations in Ghana, the group maintains active operations and an extensive presence in West African countries such as Sierra Leone, Liberia, and Equatorial Guinea through its broad interests in shipping, logistics, and aviation.

McDan Group, led by McKorley, opened its first private jet terminal at an international airport in Accra, Ghana’s capital city, earlier this year, with three planes and one helicopter operating under the McDan Aviation brand.

The jet terminal will serve high-end clients seeking to maximize luxury clients and corporate executives seeking a quick and efficient commute for business purposes.

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