Published
2 years agoon
By
Joe Pee
Ghana’s economy has grown significantly over the last few decades. Although it has experienced some lows and challenges, it is still growing, and many citizens and residents have better quality lives now.
Private and public companies have contributed to this growth. The richest companies in Ghana earn the country millions of dollars in revenue.
Which are the richest companies in Ghana, and how much do they generate annually?
Here are the top 10 wealthiest firms and their contribution to the country’s economy. Top 10 richest companies in Ghana in 2022.
The top companies in Ghana listed below are ranked depending on their annual revenue. They have a track record of making significant profits each year and supporting the country’s economy:
Sector: Waste management and environmental protection
Gross revenue: $6.56 billion Zoomlion Limited, a profitable business in Ghana, was established in 2006.
It is among the top waste management and environmental protection firms in the country and other parts of the continent. It offers integrated waste management solutions and is a member of the Environmental Services Providers Association (ESPA). It made revenues totalling $6.56 billion.
Sector: Banking Gross
Profit: GHS 317.13 million
GCB Bank Limited is formally known as Ghana Commercial Bank. It is one of the top banks in the country for individuals and businesses. It has multiple programmes to support SMEs and offers multiple other services. This financial institution made a gross profit of GHS 317.13 million.
Sector: Beverage production
Gross profit: 253 million GHS
Guinness Ghana Breweries Limited (GGBL) is the leading total beverage business in the country. It was established in 1960 and produces various beverages, including beer, stout and spirits. It is the only beverage production company listed on the Ghana Stock Exchange. In 2022, the firm earned a revenue of 253 million GHS.
Sector: Banking Indicative share: GH₵ 14.91 million
GHS Gross revenue: GH₵ 2.049 billion
Ecobank Ghana PLC is a private limited liability company that started in January 1989. Today, the bank has 67 branches countrywide. Over the years, the financial institution has grown and is now listed among the top 10 companies in Ghana.
In July 2006, the banking business was listed on the country’s stock exchange. In 2022, the firm had assets worth GHS 17.93 billion and made an indicative share of 14.91 million GHS.
Sector: Petroleum and energy
Gross revenue: 3.92 billion GHC
Sector: Petroleum
Gross revenue: $731.94 million
GNPC was established in 1983 and is Ghana’s National Oil Company. In terms of revenue, its ranks among the top 100 companies in Ghana.
Its mandate is to provide an adequate and reliable supply of petroleum products and reduce the country’s dependence on crude oil imports. In 2022, the firm earned the country a gross revenue of $731.94 million.
Sector: Oil and gas
Gross profit: $846 million
Tullow Oil plc is one of the corporate brands in Ghana. It is a fully-registered firm in the country and South America. It works across all stages of the oil life cycle, from exploration to production and ensures it supplies high-quality oil and gas to different parts of the world. The company made a gross profit of $846 million.
Sector: Petroleum and energy
Gross revenue: $513 million
Ghana Oil Company Limited (GOIL) is one of the best big companies in Accra regarding revenue generation. The firm was established in 1960, and in 1974, the government acquired it. It markets quality petroleum and other energy products. The firm’s gross revenue in 2022 is $513 million.
Sector: Telecommunications
Gross revenue: $116.3 billion
MTN Ghana is a provider of telecommunications services. It is one of the highest-paying companies in Ghana. Some of its services are cloud services, network and data, communication and collaboration, Internet connectivity, messaging, and security solutions. In 2022, the firm’s total revenue was $116.3 billion.
Sector: Mining
Gross revenue: $12.2 billion
Newmont Corporation takes first place in the list of private companies in Ghana. It is a leading gold mining company. It also produces copper, zinc and lead. Besides the country, the company has established itself in North America, South America, and Australia.