It is very hard to determine who owns what and who has what in Ghana.
Business men hide their wealth for security and privacy reasons but a consulting firm, GoodmanAMC has unearthed a list of Ghanaians with real cash and investments.
You will be shocked that some Ghanaians are actually worth over a billion in assets, investments and cash. Scroll through the list of the top 20 richest Ghanaians this year as put together by GoodmanAMC.
20. Serge Bakalian
Source Of Wealth: Takoradi Flour Mills, Inheritance
Net Worth: $460 Million
Serge Bakalian is a Ghanaian of Armenian descent and the Executive Director of Takoradi Flour Mills. He inherited the company from his father, Vasken Bakalian. Takoradi Flour Mills had an initial capacity of 200 metric tonnes per day and employed 60 people. Currently, Takoradi Flour Mills has three plants with a total installed capacity of 1,000 metric tonnes per day.
Takoradi Flour Mills has faced several issues in the past three decades. These difficulties included the downturn in the economy in the 1980s which affected sales and financial performance. Its lack of financial resources made it difficult for the company to import wheat. Some workers were laid off temporarily. The energy crises of 1998 affected operations and Takoradi Flour Mills was unable to meet its targets.
