Ghana is a place for business. Over the years several businessmen have trooped in with all kinds of businesses and services that has gained root in the country and as such boosting the economy.
Business policies in Ghana are very flexible, due to that, it has made it a good place for business.
The richest man in Ghana is a businessman. Who is he?
Charles Ampofo is currently the richest man in Ghana according to Forbes. Charles Ampofo is the Chairman and founder of Kampac Group.
This group is involved in a broad variety of activities. His business has its headquaters in the business center of Dubai, in the United Arab Domain.
His business widens from Dubai to other countries namely; Ivory Coast, Greece, UK, Ghana, Nigeria, Senegal, Canada, South Africa and Venezuela.
The group operates Kampac oil as its primary business. Kampac oil is an oil and gas company, which is purportedly the most successful of all his companies and that which has contributed most to his wealth.
Other business owned by Charles Ampofo includes; Kampac properties, Kampac Telecom, Kampac Travels, Kampac Flora, Kampac Resources.
Charles Ampofo established the Universal Transfer Service in 1999 at Cote D’Ivoire.
This transfer service is a financial and funds transfer company, which sooner or later led to an entire multi-banking network in Cote D’Ivoire, consisting of 24 banks.
In the Philippines, he has also created the largest energy city in the world. This energy city upon completion will be one of the most important and top oil companies in the Far East.
Moreover Mr. Ampofo is a member of the Global Fortune Forum since 2005.
Kampac International PLC was established in 1988 in Dubai, having a couple of offices across the United Arab Domain and in Ivory Coast, Senegal, Ghana, UK, Greese, Nigeria, Venezuela, Jordan and South Africa.
Charles Ampofo Net Worth
In 2010, Charles enrolled Kampac Oil on the world’s 10th largest stock exchange- Frankfurt Stock Exchange called Frankfurter Wertpapierborse-FWB. He traded with the name Kampac International Plc.
The company after going public to fund its investments in Africa after enrolling secured £1.2 billion. The Kampac Group produces $3.4 billion as annual revenue, operation in 13 countries.
In 2011, Kampac oil acquired low risk of assets, where by increasing its asset base in exploration and production. This made the number of oil block and fields in the company’s set to increase.
The company now has 8 oil blocks in Kazakhstan, 3 oil blocks in Mauritania, 2 in Senegal and 2 in Nigeria.
In Kazakhstan where the oil blocks are 8, the company,s asset generates 40,000 barrels of oil in a day, with 500 million barrels as reserves.
In Mauritania, the Kampac Oil’s asset produces 35,000 barrels in a day with 300 million barrels as an estimation.
One of Senegal’s block on onshore and the other is offshore called St Louis block and Louga Block respectively.
They all have oil reserves of about 3 to 6 trillion cubic feet of gas and 400 million barrels. Kampac owns 85% of Senegal’s oil block. These 2 blocks are as valuable as $2 billion.
Kampac’s Energy city at the far east is expected to employ 10,00 to 14,000 workers upon completion.
Kampac Flora is a part under the Kampac Group is based in Dubai. The contributes to the Ghanaian fruits and vegetables in the Dubai market which records over 10 percent of Ghana’s fruit and vegetable export.
The Kampac Properties is also a part under the Kampac Group. They are currently on a 10,000 Housing project for the Ghana Police Service.
They are the developers of the Kampac Twin Tower in the business zone of Colombia and Sri Lanka.
With all these mind blowing endeavors, it is no wonder Charles Ampofo is the richest Ghanaian. His net worth is currently $1.46 billion.