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Ghana Report
Marcopolis presents the Ghana Report focused on investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are agriculture, banking, energy, industry, telecom, IT, real estate and more.
CompaniesOctober 23, 2020
Top 10 Companies in Ghana
Top 10 Companies in Ghana
Marcopolis.net presents the list of the top 10 companies in Ghana.
As of 2020, Ghana is ranked the 9th largest economy in Africa. Most of its revenue comes from mining, petroleum and cocoa. However, telecom giant MTN Ghana maintains the lead as the wealthiest company in the country. The economy of Ghana is a mixture of private and public enterprise. This year, companies such as Total, GOIL, PBC and Newmont are leading the ranking of the top companies in Ghana.
The List
| Rank | Company | Industry | Description |
|---|---|---|---|
| 1 |
MTN Ghana |
Telecom | MTN Ghana is the leading provider of mobile telecommunications services in Ghana. The company has over 21 million subscribers with a market share of approximately 55%. MTN Ghana was the first telecoms provider in Ghana to list on the Ghana Stock Exchange. It is a subsidiary of MTN Group Limited, a South African multinational mobile telecommunications company, operating in many African, European and Asian countries. |
| 2 |
Total Petroleum Ghana |
Oil and Gas | Total Petroleum Ghana, formerly known as Mobil Oil Ghana, is a Ghanaian petroleum company listed on the Ghana Stock Exchange. Total Petroleum Ghana is part of the global Total Group, which is the fourth largest publicly-traded integrated international oil and gas company in the world, with presence in over 130 countries. The company has a large network coverage of 251 service stations in Ghana. Its range of services cuts across the aviation, bitumen and mining industries, besides the manufacturing and roads sectors. |
| 3 |
GOIL Company Limited |
Oil and Gas | Ghana Oil Company, known as GOIL, 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. |
| 4 |
PBC Limited |
Cocoa | PBC Limited (Produce Buying Company) is a Ghanaian cocoa bean company listed on the Ghana Stock Exchange. It was formed in November 1981. PBC Limited has over the years operated in an environment of stiff competition with other Licensed Buying Companies for cocoa from farmers. The company has however always remained the highest cocoa purchaser for COCOBOD among the other LBCs, with a market share of about 31%. |
| 5 |
Newmont Golden Ridge Limited |
Mining | Newmont Golden Ridge is one of the richest mining companies in Ghana. It specializes in the mining of gold, but is also a producer of copper, silver, zinc and lead. The company has one of the biggest gold reserves in the mining industry. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company has more than 400 employess across all of its locations. |
| 6 |
Tullow Ghana |
Oil and Gas | Tullow Oil is Africa’s leading independent oil and gas, exploration and production group. The company’s operations in Ghana began in 2006. A year later, the world-class Jubilee field was discovered and first oil was achieved in late 2010. This milestone marked Ghana’s emergence as a new player in West Africa’s energy industry. Further exploration activities resulted in the Tweneboa, Enyenra & Ntomme (TEN) discoveries in the Deepwater Tano block. Tullow Oil has been listed on the Ghana Stock Exchange since 2011. |
| 7 |
GCB Bank Limited |
Banking | GCB Bank Limited, formally known as Ghana Commercial Bank, is the largest bank in Ghana in terms of total operating assets and share of industry deposits. GCB Bank was founded in 1953 and has since then been offering banking products and services for the personal, commercial, corporate and treasury sectors. Its product offering is geared to offer financial solutions for loans, overdrafts, deposits, investments, money transmission and international services. |
| 8 |
Ghana National Petroleum Corporation |
Oil and Gas | GNPC is the state agency responsible for the exploration, licensing and distribution of petroleum-related activities in Ghana. The corporation has among its functions to promote petroleum exploration activities, to appraise existing petroleum discoveries and to ensure that Ghana benefits the most from the development of the country’s petroleum resources. GNPC also promotes the training of Ghanaians in petroleum-related activities and ensures environmental protection in all petroleum-related activities. |
| 9 |
Zoomlion Ghana Limited |
Waste Management | Zoomlion is a giant in the waste management and environmental sanitation business in Ghana and Africa as a whole. The company was formed under the company’s Act in January 2006. Zoomlion Ghana Limited has a total core staff of 3,000 and manages over 85,000 workers under various forms of Public Private Partnerships. Zoomlion specializes in solid and medical waste collection, waste treatment, recycling, public cleaning and janitorial services. |
| 10 |
Guinness Ghana Breweries |
Beverages | Guinness Ghana Breweries is a public limited liability company incorporated under the Companies Act, 1963 (Act 179) and listed on the Ghana Stock Exchange. The company is primarily involved in the manufacture and distribution of alcoholic (beer, stout and spirits) and non-alcoholic beverages and other ancillary products. Guinness Ghana Breweries was established in 1960 and has since become the leading total beverage business in Ghana. |
