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Top 10 Most Valuable Companies In Ghana 馃嚞馃嚟 To Boost Africa Economy. - YouTube
Channel: THINKRICH AFRICA
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the 10 most valuable companies in ghana
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2022.
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ghana has been plagued by corruption
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natural calamities and mishandling of
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cash over the years
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the country was on the verge of collapse
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when the world bank intervened and
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granted it that will leave under this
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severely indebted poor country project
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following a change in government and
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credit policies their economy has
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improved and the list of ghana's richest
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corporations is growing
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welcome to think reach africa the
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community which brings to you
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entrepreneurial business and personal
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development content to inform motivate
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and inspire you
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we also want to introduce you to a
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special african development playlist
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because we strongly believe that
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entrepreneurship rather than global pt
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is the key to africa's growth and
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development
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so if you're african and aren't
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subscribed to our community you're
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missing out
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ghana is the ninth largest economy in
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africa and the largest economy in west
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africa as of 2021
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the majority of its earnings come from
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gold mining petroleum and agriculture
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you may also notice that the bulk of
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ghana's top wealthiest corporations
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derive their fortunes from the three
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aforementioned sources however we will
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only look at the top 10 which include
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both the reaches private enterprises in
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ghana and those controlled by the
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government
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number 10 guinness ghana breweries
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10th on our list of most valuable
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companies in ghana is the brewery
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industry guinness ghana breweries
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guinness ghana breweries limited
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manufactures and markets a range of
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alcoholic and non-alcoholic beverages
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for the ghana domestic market and for
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international export
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its product offering includes spirits
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beers lagers and stouts as well as ready
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to drink products
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popular brand names include guinness
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foreign extra tout origin zero syrup
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ultra premium vodka johnny walker
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reserves scotch whiskey ron zakaparam
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malta guinness star lager
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galder alvaro root extra origin bitters
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smearing of ice and smearing off double
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black eyes
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the company was originally founded to
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produce guinness for an extra stout
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otherwise known as guinness
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its non-alcoholic beverage malta
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guinness is extremely popular and has
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captured 70 percent of the ghana
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non-alcoholic beverages market
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guinness ghana breweries is a subsidiary
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of diego plc and is based in kumasi
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ghana
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in 2019 the company was able to make it
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six thousand dollars from its total
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assets they do have an estimated market
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cap of 91 million dollars
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number nine zoom lion ghana limited
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zoom lion despite the fact that it is a
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trash management firm is by far one of
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the wealthiest private enterprises in
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ghana
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dr joseph seau established it in the
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year 2006 as a non-profit organization
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it started off with less than 100 people
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but the number has since grown to around
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3 000 core employees
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and 85 000 managed personnel according
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to the company
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zoom lion is a solid waste and medical
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waste collection waste treatment
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recycling public cleaning and janitorial
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services company that specializes in
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solid waste and medical waste collection
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the corporation reported 116 profit
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growth of up to 616 million dollars by
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the end of 2019
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with total revenue increasing to 6.7
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billion dollars according to the
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company's financial statement
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it doesn't only add to the country's gdp
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but it also generates jobs
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number eight ghana national petroleum
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corporation
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the ghana national petroleum corporation
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gnpc is the state agency responsible for
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the exploration
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licensing and distribution of
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petroleum-related activities in ghana
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the corporation was established in 1983
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to replace the petroleum department
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which was an agency under the ministry
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of foreign power
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the department was responsible for the
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importation of crude oil and petroleum
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products for the ghanaian economy
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the mandate for oil exploration was held
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to be the technical directorate of the
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ministry of fallen power and the
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geological survey department
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the cooperation was created to promote
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the government of ghana's objective of
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supplying adequate and reliable
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petroleum for the country
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and the discovery of crude oil in the
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country's territories
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as of 2020 they have revealed that they
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made about 300 million dollars in
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revenue
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they currently do have an estimated
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market cap of 93 million dollars
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number seven ghana commercial bank gcb
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bank limited formerly known as ghana
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commercial bank is the largest
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independent financial institution in
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ghana
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the company started in 1953 as the bank
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of the gold coast to provide banking
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services to the emerging nation for
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socioeconomic development
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the bank had been wholly owned by the
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government of ghana until 1996.
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today the government ownership stands at
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21.4 percent while individual and
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institutional holdings take up the rest
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social security and national insurance
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trust is currently the largest
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shareholder in the company with 29.8
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holding
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followed in third place by the uk
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investment firm scbn northern trust
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global service limited with a distant
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6.6
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with over 150 branches and 11 agencies
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in all regions of the country gcp bank
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is in effect the widest networked
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commercial bank in ghana
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in 2013 the bank adopted an internal
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change program that overhauled its brand
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resulting in the new name the following
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year
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gcp bank limited is currently the
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seventh most valuable stock on the gsc
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with a market capitalization of 1.3
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billion gunner cities which makes about
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2.12 percent of the ghana stock exchange
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equity market
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number six tulogana
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solo oil plc as the name suggests was
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founded in tulo ireland in 1985 but only
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opened branches in ghana in 2007.
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though the multinational company has
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branches in six countries of africa its
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jubilee oil field in ghana brings it the
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most profits
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it produces 30 000 barrels of oil a day
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hence earning the company a spot in the
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list of richest companies in ghana
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tulao attributes its 74 success rate in
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drilling to its heavy investment in
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geographical equipment
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during the end of the 2019 financial
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year their total revenue was
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1682.6 million dollars in a net income
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of 1690
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million dollars
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their figures were set to drop in 2020
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as the oil and gas industry has not been
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doing well they will still retain their
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top 10 positions
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number five total petroleum ghana
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total petroleum ghana plc is a
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subsidiary of the total group which is
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the world's fourth largest publicly
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listed integrated worldwide oil and gas
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company
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having a patient in over 130 countries
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totals present in ghana dates back over
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65 years
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total oil product was the company's
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first foray into ghana
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total has gone through several
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alterations since then
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total acquired british petroleum through
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elf oil and total fina elf in france
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following this total and elf merged
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globally and total petroleum ghana plc
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was formed when total ultramare
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purchased mobile in ghana
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this advancement along with the strong
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regard for quality standards
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accomplishment and safety has driven the
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company to the forefront of the industry
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in the ghanian market turtle has a
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strong brand image the company has key
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sites in major cities and towns in all
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16 regions of the nation
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number four sunon asugli power plant
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limited
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sunan asugli power plant limited is
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jointly owned by shenzhen energy group
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company limited and the china african
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development fund
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the project is a modern highly efficient
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environmentally friendly natural gas
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fall combined cycle power plant situated
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on a 50-acre land at terma
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accra sunan asogli powerplant's ghana
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limited accepted the challenge of
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establishing a 560 megawatt gas steam
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combined cycle power plant to alleviate
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the intermittent fast strategies that
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occasionally struck ghana
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the two by 100 megawatts phase one
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project was completed for commercial use
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by the end of 2010
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and the 2 by 180 megawatts phase 2
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project was officially put into
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operation in february 2017.
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the annual electricity supply of the
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company is estimated to safely reach 3.1
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billion kilowatt r
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about 25 of the nation's total
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generation capacity in ghana as the
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company puts efficiency and safety as
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the enterprise spirit
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and is committed to being a model in
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china's overseas strategic investment
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in march 2021 sonona soglippa announced
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plans to expand to civilian
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sunon associa limited has 20 total
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employees across all of its locations
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and generates 2.53 million dollars in
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sales
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number three goyle
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goyle is a state-owned ghanaian oil and
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gas marketing company formed in june
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1960
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currently it holds the place of ghana's
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top oil marketing company and is the
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only indigenous owned petroleum
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marketing company in ghana
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in 2019 the company changed its name to
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goyal company limited to reflect its
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growth and expansion activities in the
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petroleum sector and other industries
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the company's main business is the
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marketing and distribution of petroleum
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products in ghana
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the biggest chunk of its sales come from
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the sale of diesel and gasoline
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gold's mission focuses on marketing
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quality petroleum and other energy
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products and services in a safe ethical
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healthy environmentally friendly and
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socially responsible manner
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number two cosmos energy ghana deep
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water exploration and production
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business cosmos energy has holdings in
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proven basins offshore ghana equatorial
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guinea and the united states gulf of
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mexico
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as well as a world-class gas development
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offshore mauritania and senegal
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cosmos energy is headquartered in
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houston texas
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creating value for all of our
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stakeholders including investors workers
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partners as well as the government and
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citizens of our host nations was a
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primary purpose when cosmos was
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established
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as set by one of the workers
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it is vital to achieve this aim by
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conducting business in a safe
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responsible and ecologically friendly
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manner
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number one
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mtn ghana as the leading
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telecommunications group m10 ghana is
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focused on providing excellent
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telecommunications services across the
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african continent
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we believe that through access to
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communication comes economic empowerment
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mtn has a wide variety of network
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services as well as segments these are
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specially designed for different kinds
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of people to enhance their mobile
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experience
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while others add value to their
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subscription with us
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our cost-effective solutions will bring
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a smile to your face
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that's what mtn tells us
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m10 understands that the best way for
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you to gain a competitive edge in a
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local market is to offer different
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segments which suit people's lifestyles
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and economic situations whilst allowing
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you to enjoy the best solutions and
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offerings available
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we have come to the end of this video
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