Daniel Ofori gains $12.3 million from GCB Bank shares

Ghana’s richest investor Daniel Ofori has added $12.3 million to his fortune in just two months, thanks to recent gains in his stake in GCB Bank. The increase highlights both his influence in the local market and the lender’s central role in Ghana’s financial system.

Ofori gains $12.3 million in two months

Ofori owns a 7.5 percent stake in the bank, equivalent to 19,867,154 shares. In the last two months alone, the value of his holdings rose by GH₵136.55 million ($12.33 million), bringing his total position to an estimated $34.06 million, according to data from the Ghana Stock Exchange.

The recent surge builds on earlier gains this year. Between Jan. 1 and Sept. 10, Ofori’s stake had already grown by $7.6 million as GCB Bank’s shares strengthened, continuing a trend that has attracted both institutional investors and smaller retail traders.

Daniel Ofori’s stake rise to $34 million

As one of Ghana’s largest lenders, GCB Bank manages more than 11 percent of the country’s total deposits and ranks as the tenth most valuable company on the Ghana Stock Exchange. Its scale and reach make it a benchmark for investors seeking insight into market movements.

Over the past 10 weeks, the bank’s stock has climbed 56.77 percent, rising from GH₵12.12 ($1.0947) on Sept. 11 to GH₵19 ($1.7161), propelling its market capitalization above $450 million, rewarding shareholders and reinforcing confidence in the lender’s performance.

For Daniel Ofori, his holdings increased from GH₵240.55 million ($21.73 million) to GH₵377.1 million ($34.06 million) at the time of drafting this report.

GCB shares surge nearly 200 percent YTD

GCB Bank’s shares have risen 198.27 percent since January. A $100,000 investment at the start of 2025 would now be worth about $298,270. The gain highlights the bank’s growing role in Ghana’s financial market amid economic uncertainty.