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Who makes up the top 10 companies in Ghana? Which companies in Ghana have made the biggest mark on the industrial economy of Ghana? This post presents you with 10 giant companies in Ghana.
These companies are also some of the largest companies in Ghana, and except for Sunon Asogli Power Plant, they have all been operating in Ghana for multiple decades.
This list is based on the GIPC's Ghana Club 100. According to GIPC, the following process is used to determine a company's overall rank in the Ghana Club 100 list, (GC100);
- A weighted rank is calculated by applying the weights to a company's rank on each of the following parameters:
- An overall rank of a company in the GC100 is then obtained from a company's weighted average rank.
- A company's growth is used as a tie-breaker to eliminate all ties in the ranking.
Top 10 Companies in Ghana
So now, on to the list of top 10 companies in Ghana;
1 MTN Ghana
As the leading telecommunications company, MTN Ghana is focused on providing excellent telecommunications services across the African continent. We believe that through access to communication comes economic empowerment.
MTN has a wide variety of network services as well as segments. These are specially designed for different kinds of people to enhance their mobile experience, while others add value to their subscription with us. Our cost-effective solutions will bring a smile to your face.
MTN understands that the best way for you to gain a competitive edge in a local market is to offer different segments which suit people's lifestyles and economic situations whilst allowing you to enjoy the best solutions and offerings available.
2 Kosmos Energy Ghana
Kosmos Energy is a leading deepwater exploration and production company with assets in proven basins offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal.
Kosmos was founded with the goal of creating value for all of our stakeholders: investors, employees, partners, and the governments and nationals of our host countries. Operating in a safe, responsible, and environmentally sound manner is critical for achieving this goal.
GOIL (Ghana Oil Company) is a state-owned Ghanaian oil and gas marketing company, formed in June 1960. Currently, it holds the place of Ghana's top oil marketing company and is the only indigenous-owned petroleum marketing company in Ghana.
In 2019, the company changed its name to GOIL Company Limited, to reflect its growth and expansion activities/ventures in the petroleum sector and other industries.
The Company's main business is the marketing and distribution of petroleum products in Ghana. The biggest chunk of its sales comes from the sale of diesel and gasoline.
GOIL's mission focuses on marketing quality petroleum and other energy products and services in a safe, ethical, healthy, environmentally friendly, and socially responsible manner.
4 Sunon Asogli Power Plant Ltd.
Sunon Asogli Power (Ghana) Limited is jointly owned by Shenzhen Energy Group Company Ltd (shares 60%) and the China African Development Fund (shares 40%). The project is a modern, highly efficient, environmentally friendly, natural gas fuel combine cycle power plant situated on a 50-acre land at Tema, Accra.
Sunon Asogli Power Plant (Ghana) Ltd. accepted the challenge of establishing a 560-megawatt gas-steam combined cycle power plant to alleviate the intermittent power shortages that occasionally struck Ghana.
The 2×100MW Phase I project was completed for commercial use by the end of 2010, and the 2×180MW Phase II project was officially put into operation in February 2017.
The annual electricity supply of the company is estimated to safely reach 3.1 billion KWH, about 25% of the nation's total generation capacity in Ghana as the company puts efficiency and safety as the enterprise spirit and is committed to being a model in China's overseas strategic investment.
In March 2021, Sunon Asogli Power announced plans to expand to Sierra Leone. The company plans to deploy 20MVp-50MVp solar PV in Sierra Leone within a year
5 Total Petroleum Ghana
Total Petroleum Ghana PLC is part of the global Total Group, which is the fourth-largest publicly-traded integrated international Oil and Gas Company in the world with a presence in over 130 countries.
Total's operations in Ghana have spanned over 65 years. The Company made its first entry into Ghana as Total Oil Products. Total, since then, has undergone various transformations. Total took over the British Petroleum through Elf Oil and French TotalFinaElf.
This was followed by a global merger of Total and Elf; and ultimately the incorporation of Total Petroleum Ghana PLC when Total Outre-Mer acquired Mobil in Ghana.
This progression, coupled with great respect for quality, standards, achievements, and safety has propelled the Company to the forefront of the Industry.
The total has a strong brand image in the Ghanaian market. The Company is well represented in all 16 Regions of the country with strategic locations in major cities and towns.
6 Goldfields Ghana Ltd
Gold Fields Ghana is one of the largest private sector companies in Ghana, controlling 90% of both the Tarkwa and Damang gold mines.
The Government of Ghana owns the remaining 10% through a free-carry interest. Gold Fields took over the Tarkwa mine from the State Gold Mining Company in 1993 and acquired the Damang mine in 2002.
In 2018, the company also bought 45% of the Asanko mine, which is managed by Galiano Gold and controls the other 45% of the mine.
Gold Fields contributes significantly to the development of the country through job creation, taxes, and royalties, community and infrastructure investments, as well as local procurement and enterprise development
With over 10 000 employees, Gold Fields Ghana stories are happening in mines, projects, offices, and communities around our operations every day.
7 Olam Ghana Ltd.
Olam Ghana Ltd. was first established in 1994, Olam's Ghana operations have since grown, making us one of the leading agro-commodity companies there today.
Along with the enviable distinction of being among the large private Licensed Buying Companies (LBC) in Ghana's Cocoa sector, we are also the country's leading cashew exporter and one of its largest importers of rice.
In 2012, a new state-of-the-art wheat flour mill was opened in Tema, making Olam one of the country's leading millers. In addition, Olam Ghana operates a Tomato Paste processing and canning facility and a Biscuit manufacturing facility.
The Tomato Paste factory has one of the largest installed capacities in West Africa and is one of the few in the world with can-making and canning under one roof. We are now the market leaders in Biscuits in Ghana.
8 Anglogold Ashanti Aduapriem
AngloGold Limited was founded in June 1998 with the consolidation of the gold mining interests of Anglo American plc. AngloGold Ashanti Limited, as the company exists today, was formed on 26 April 2004 following the business combination between AngloGold and Ashanti Goldfields Company Limited.
AngloGold Ashanti has a portfolio of many assets and differing ore body types in key gold-producing regions. The company's 19 operations are located in nine countries (Argentina, Brazil, Colombia, Australia, Ghana, Guinea, Mali, Tanzania, and South Africa), and are supported by extensive exploration activities. The operations are run as four distinct regions – Southern Africa, Continental Africa, Australasia, and The Americas.
AngloGold Ashanti's primary listing is on the JSE Limited in Johannesburg. It is also listed on the stock exchanges in New York, Australia, and Ghana.
6 Facts You Didn't Know About AngloGold Ashanti
- Third largest gold producer globally and the largest on the African continent, producing 3.047Moz and employing an average of 36,952 people (including contractors) in 2020
- Responsible gold miner, in partnerships with host communities and governments – we aim to create value for all our stakeholders over the long term
- Listed on the Johannesburg, New York, Australian, and Ghana stock exchanges
- A geographically diverse shareholder base includes the world's largest financial institutions
- Market capitalisation of $9.4bn as of 31 December 2020
- Included in the JSE Top 40 Index, the S&P Global CSA, the FTSE/JSE Responsible Investment Index Series (the FTSE4Good Index), the Responsible Mining Index, and the Bloomberg 2021 Gender-Equality Index
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