Ghana's richest investor sees $7.6 million jump in net worth - Report

Ghana’s richest investor, Daniel Ofori, has added $7.6 million to his net worth this year, driven by the strong performance of his 7.5% stake in GCB Bank Plc.

According to a report by billionaires.africa, he owns 19,867,154 shares, whose value has risen from $10.4 million in January this year to $18 million, showing how a single company can significantly impact major shareholders.

GCB Bank PLC, holding over 11% of total deposits, ranks as the tenth most valuable company on the Ghana Stock Exchange. Its stock has surged by 73% this year, from GH¢6.37 ($0.52) to GH¢11.02 ($0.91), pushing its market capitalisation above $240 million.

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Additionally, retail investors have also benefited, with a $100,000 investment at the start of the year now worth over $173,000.

The gains further cement Ofori’s reputation as a disciplined, long-term investor, with his wealth closely tied to the performance of the banks and businesses in which he holds stakes.

SA/MA

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