The 20 richest investors on the Ghana Stock Exchange in 2026

Ghana’s stock market entered 2026 on a note that caught even seasoned traders off guard. The Ghana Stock Exchange has tightened its role as a home base for local capital, with investors shifting between treasury bills, bonds and equities as inflation and interest-rate signals change.

Ghanaian shares put together a strong year, led by banks and insurers that drew much of the buying. Liquidity is still concentrated in a small group of names, and when prices move sharply in those counters, the impact can be swift, including on the country’s visible investment wealth.

That shift is easy to spot in shareholder registers. The market’s shape remains familiar: a few frequently traded stocks that attract steady demand, alongside a long list of quieter listings where large stakes are held by a small circle of owners better known to brokers and company secretaries than to the wider public.

The ranking below estimates the market value of disclosed shareholdings in listed companies, using closing prices available in early February 2026 and converting the totals into U.S. dollars at an interbank exchange rate. The figures cover listed equity only and exclude private businesses, real estate, offshore assets and unlisted operating companies.

1) Daniel Ofori

Portfolio value: $64.95 million

Holdings: 7.5% stake in GCB Bank; 11.25% in Societe Generale Ghana; 0.615% in CAL Bank, 5.91% stake in SIC Insurance

Daniel Ofori is a Ghanaian businessman and investor best known in the market as one of the largest individual shareholders on the Ghana Stock Exchange. He is associated with White Chapel (an apparel and retail brand he founded) and Advance Ventures Development, a real estate development business, and he has built a long-running listed-equities portfolio that includes major bank and insurance positions.

2) Malik Mohammad Easah

Portfolio value: $13.23 million

Holdings: 2.089% stake in Asante Gold Corporation

Malik Mohammad Easah is a Ghanaian mining executive and entrepreneur best known in capital markets as the founder of Cardinal Resources and, more recently, the executive chairman of Asante Gold Corp.

3) Patrick Kingsley Nyinah

Portfolio value: $3.36 million

Holdings: 3.058% stake in Ghana Oil Company

Patrick Kingsley Nyinah is a Ghanaian investment professional and prominent stock-market investor who has previously served as a director of the Ghana Stock Exchange and a non-executive vice chairman of Agricultural Development Bank.

4) Ebenezer Twum Asante

Portfolio value: $3.06 million

Holdings: 0.0604% stake in MTN Ghana

Ebenezer Twum Asante is a Ghanaian telecoms executive and boardroom figure, best known for leading MTN Ghana as CEO and later taking senior regional roles at MTN Group. He is now chairman of Standard Chartered Bank Ghana, appointed effective March 1, 2023, after serving on the bank’s board.

5) Roger Norwich

Portfolio value: $2.90 million

Holdings: 0.4575% stake in Asante Gold Corporation

Roger Norwich is a UK-based mining executive and company director who sits as an independent director of Asante Gold Corp., which is listed on the Ghana Stock Exchange.

6) Joseph Siaw Agyepong

Portfolio value: $2.43 million

Holdings: 0.86% stake in Access Bank Ghana

Joseph Siaw Agyepong is one of Ghana’s best known entrepreneurs and the founder of Jospong Group. He’s one of the top larges shareholders in Access bank Ghana.

7) Felix Addo Addo

Portfolio value: $2.39 million

Holdings: MTN Ghana, 6,234,824 shares, $2.39 million

A director-level name associated with MTN Ghana disclosures, he is one of the insiders with meaningful exposure to the company’s market story.

8) Afedo Moses Kwasi

Portfolio value: $1.72 million

Holdings: 0.85% in Benso Oil Palm Plantation

He sits on the register of one of the exchange’s most talked-about agricultural plays, where price moves can be sharp and fast.

9) Gideon Amenuvor

Portfolio value: $1.68 million

Holdings: 0.5209% stake in Societe Generale Ghana

Gideon Amenuvor, a veteran Ghana Stock Exchange investor, is one of the largest shareholders in Société Générale Ghana.

10) Frank Adu

Portfolio value: $1.25 million

Holdings: 0.6771% stake in CAL Bank

Frank Adu (often styled Frank Adu Jnr.) is a veteran Ghanaian banker best known for leading CAL Bank through a long growth stretch, serving as managing director and CEO for about two decades.

11) Barton Kwaku Glymin

Portfolio value: $1.24 million

Holdings: 2.65% stake in Standard Chartered Bank Ghana

Barton Kwaku Glymin is a Ghanaian investor and one of the largest individual investors in Standard Chartered Bank Ghana.

12) Doe Oscar Yao

Portfolio value: $1.2 million

Holdings: 0.157% stake in Agricultural Development Bank

Yao is the President and executive chairman of Doscar Group Holdings, a company known for its travel agency business in Ghana. He is one of the largest individual shareholders of Agricultural Development Bank.

13) Anthony Oteng-Gyasi

Portfolio value: $1.16 million

Holdings: 0.59% of Benso Oil Palm Plantation

Anthony “Tony” Oteng-Gyasi is a Ghanaian industrialist and investor best known as the founder of Tropical Group, which includes Tropical Cable & Conductor, a major local manufacturer of electrical cables. He previously worked in executive roles at BP in Ghana before starting Tropical Products in the 1980s and building it into a broader trading and manufacturing group. He’s also one of the largest investors in Benso Oil Palm Plantation.

14) Stahl Christoph Micheal Robert

Portfolio value: $1.13 million

Holdings: 1% stake in Unilever Ghana

Christoph Micheal Robert Stahl is a minority investor who appears in Ghana Stock Exchange disclosures as a notable individual shareholder, particularly in legacy consumer names.

15) Daniel McKorley

Portfolio value: $1.01 million

Holdings: 0.3564% of Access Bank Ghana

Daniel McKorley, popularly known as “McDan,” is a Ghanaian entrepreneur who founded the McDan Group, a privately held logistics and transport business with operations spanning freight forwarding, shipping and aviation services. He’s also a top shareholder in Access Bank Ghana.

16) Anatsui Emmanuel Kwame

Portfolio value: $0.97 million

Holdings: 0.3449% of Access Bank Ghana

Another visible minority holder in Access, his position is small on paper but still meaningful in cash terms.

17) Cofie Mark Blewunyo Kodjo

Portfolio value: $0.97 million

Holdings: 0.1271% of Agricultural Development Bank

He is one of the notable private holders in Agricultural Development Bank.

18) Nabil Moukarzel

Portfolio value: $0.61 million

Holdings: 0.2156% of Access Bank Ghana

Nabil Moukarzel is a Ghana-based businessman best known as the chairman of the Finatrade Group, a major player in Ghana’s fast-moving consumer goods and commodities distribution network, with interests that include mass retail through its Ghana Market Direct business. He’s also one of the largest individual shareholders in Access Bank Ghana.

19) Salma Okwonkwo

Portfolio value: $0.54 million

Holdings: Access Bank Ghana, 333,333 shares (0.1916%), $0.54 million

Salma Okonkwo is a Ghanaian energy entrepreneur best known as the founder and chair of UBI Group, a downstream fuels and logistics business, and the founder and CEO of Blue Power Energy, her renewables platform. She’s also one of the largest individual shareholders in Access Bank Ghana.

20) Kojo Anim-Addo

Portfolio value: $0.25 million
Holdings: 0.25% stake in SIC Insurance

Kojo Anim-Addo is a veteran investor in the companies and has held a stake in SIC Insurance for many years.