Dr. Kwabena Duffour is a prominent politician and businessman regarded among the richest men in Ghana. How big is his fortune now?
Dr. Kwabena Duffour is a member of the National Democratic Congress and among the four persons who have picked up nomination forms to contest in the National Democratic Congress’ flagbearership race slated for May 13, 2023.
On Friday, February 24, 2023, the party closed the window for presidential hopefuls to pick up nomination forms.
The four persons who have so far picked up the forms include former President John Dramani Mahama, former Finance Minister, Dr. Kwabena Duffuor, former Mayor of Kumasi, Kojo Bonsu, and businessman, Ernest Kwaku Krobea, per CitiNewsRoom.
On Thursday, May 9, 2023, National Democratic Congress flagbearer hopeful, Dr. Kwabena Duffour filed an interlocutory injunction against the party following what he says are some discrepancies his team has identified in the party’s voters register to be used for the exercise, per MyJoyOnline.
In a writ filed at an Accra High Court, Dr. Duffour indicated that the party failed to provide the required photo album register five weeks ahead of the elections as stated in the party’s rules.
He stated that a partial photo album register was given to his team on May 4, a few days ahead of the elections rather than in March when they had submitted a request for one.
“The Plaintiff adds that to their utmost surprise, upon verification, it was found that the number of constituencies on the hard drive given to his representatives was 220 in number as opposed to the alleged number of 228 constituencies indicated by Defendant,” he stated.
“The Plaintiff adds further that an initial verification of the said 220 constituencies on the hard drive given to his representatives by the 2nd Defendant established basic errors and inaccuracies that render the Photo Album Register inaccurate and unreliable for free, fair, and credible elections.”
In the midst of this ‘confusing’ in the NDC, many are in an inquisition about Kwabena Duffour’s fortune. He is one of the wealthiest men in Ghana, but, how big is his fortune right now? Here’s everything we know about the politician’s net worth.
Profile Summary
| Celebrated Name: | Kwabena Duffour |
| Net Worth: | $680 million |
| Profession: | Politician and Business magante |
| Political Party: | National Democratic Congress (NDC) |
| Company: | House of Duffour Asset Holdings |
| Full Real Name: | Dr. Kwabena Duffour |
| Gender: | Male |
| Date of birth: | 1946 |
| Age: | 77 years old (as of 2023) |
| Birthplace: | Kumawu, Ashanti Region |
| Nationality: | Ghanaian |
| Current Residence: | Accra, Ghana |
| Ethnicity: | African |
| Children: | 5 kids |
| Educational Background: | Politician and Business magnate |
What is Kwabena Duffour’s net worth?
In recent years, some Ghanaian politicians have amassed significant wealth, with many of them ranking among the richest people in the country. Members of Parliament (MPs) and politicians in Ghana earn salaries and allowances, but many of them also have other sources of income, such as owning businesses or investments.
However, there have been concerns about the influence of money in Ghana’s politics, with some politicians accused of using their wealth to influence the outcome of elections and policy decisions. This has raised questions about the source of their wealth and whether it was acquired through legitimate means.
Dr. Kwabena Duffour is no exception since he is one of the wealthiest men who made the majority of his fortune from politics.
So, how rich is Dr. Kwabena Duffuor right now? Kwabena Duffuor, a native of Kumawu in the Ashanti Region, has been rated among the wealthiest business tycoons in the country with an estimated net worth of $680 million. He is the CEO of House of Duffour Asset Holdings which houses over 15 companies across several industries – including real estate, insurance, banking, and more. The businessman also owns a lion’s share of UniBank shares. He has previously held influential positions in the government.
Kwabena Duffuor was the Finance Minister of Ghana. He has also served as the governor of the Bank of Ghana. He was named one of the four best Central Bank Governors in the World at an IMF/World Bank meeting in 1999.
In 2016, he was ranked as the 24th most influential person in Ghana, recognizing personalities whose works have positively impacted society and their community – as voted by the general public.
What companies does Dr. Kwabena Duffour have?
Dr. Kwame Duffuor has really got a lot of companies but the notable one is the defunct uniBank. UniBank was one of the banks that got consolidated by the Bank of Ghana some years back. The Bank of Ghana took over uniBank after failing to meet the proposed capital requirement. Unibank had at least 55 branches across the nation.
Even though his big company collapsed, it didn’t affect the owner, Dr. Kwabena Duffuor, that much.
Mr. Duffuor has over 28 companies that fetch him money, per Yen.com. The companies owned by Mr. Duffuor are, UniCredit, UniSecurities, UniPrecision Printing & Packaging, and UB Financial Services. Other companies are Star Assurance, StarLife Assurance, Star Micro Insurance, and Star Goldfields.
Image Source: ghana.mom-gmr.org
Per Ifsghana, Dr. Duffuor is currently the Chairman of Ghana Heart Foundation and Kumawuman Rural Bank. He has also served in a number of Directorship positions in various companies including Accra Brewery Limited, Shell Ghana Limited, Ecobank Cote d’Ivoire, and State Gold Mining Corporation.
Dr. Duffuor is the founder and owner of Excellence in the Broadcasting (EIB) Network. His investment interests in the media sector started with the newspaper Daily Heritage. He later on founded EIB and proceeded to acquire Live FM, Starr FM, and more.
Dr. Duffuor also founded the Institute for Fiscal Studies (IFS), a non-profit think-tank devoted to the provision of economic policy advice, after he exhibited grave concern about the fiscal policy decisions and management of Ghana’s public finances.
How many cars and houses does Dr. Kwabena Duffour have?
Most details are not known about Kwabena Duffuor’s luxury items. He has managed to keep his personal wealth out of the public eye. At the time of this writing, no detail is known about his cars. But considering his fortune, he can afford every car and house he wants. It is believed he lives in Accra in some of the expensive mansions and drives in some of the world’s exotic cars.