• 116
  •  
  •  
  •  
  •  
  •  
  •  
    116
    Shares

The year 2018 will go into the history books of Ghana as on the years that saw the Business sector making major headlines in the news.

2018 was fairly good business year for some whereas some especially those in the banking sector describe 2018 as a very bad business year.

ghanatalksbusiness.com presents 6most talked about Ghanaian Businessmen in 2018

Nana Appiah Mensah (CEO of Menzgold)

Nana Appiah Mensah who is popularly referred to as NAM1 is the Chief Executive Officer the embattled Ghanaian gold firm, Menzgold Ghana.

Earlier in the year, the Bank of Ghana (BoG) warned citizens against depositing cash with Menzgold but Management of the firm rebutted saying they do not take cash. The BoG later then said Menzgold’s business was illegal since they were not licensed by any regulatory authority of which the firm justified strongly saying their business does not fall under any regulatory authority in Ghana.

Later in 2018 the Securities and Exchange Commission asked the firm to stop taking deposits and eventually BoG halted the operations of Menzgold. Customers of the firm started besieging the branches of the company but did not receive their interests or principals.

Currently, majority of customers of Menzgold have not received their principal.


Dr Kwabena Duffuor II (CEO of uniBank)

Dr. Kwabena Duffour II holds a PhD in Finance, an MSc Banking and International Finance from Cass Business School, and a degree in Economics and Mathematics from the University of Southampton.

He has over 9 years of experience in banking.
He has worked with the Ghana International Bank Plc and Standard Chartered Bank.

Before his appointment as CEO of uniBank, he was the Chief Operating Officer of the bank.

Mike Nyinaku (CEO of Beige Bank)

Mike Nyinaku is a professional accountant.
He founded the BEIGE Group (TBG) in 2008 after a 10-year career as an accountant.

He also set up the BEIGE Foundation to promote youth and social development through some sponsored programs implemented across Ghana.

Before BEIGE, he was Chief Finance Officer of OICI-GH, a US-based NGO.

Osei Asafo-Adjei (CEO of the Royal Bank)

Osei Asafo-Adjei worked with the Trust Bank as General Manager, Business Development, Head of Corporate Banking and Head of Corporate and Commercial Banking From 2004 to 2012.

Until June 2016, he was the executive director of the Corporate Banking Division of HFC Bank Ltd.
He started his banking career as a credit officer of the Agricultural Development Bank (ADB) in 1993.

He holds a Master of Philosophy degree in Agricultural Economics from the University of Glasgow, England and a Bachelor of Science in Agricultural Economics from the Kwame Nkrumah University of Science and Technology.

Stephen Kprodzi (CEO of the Construction Bank)


Stephen Kpordzih is a banker with over 30 years industry experience in credit risk, corporate finance, treasury and debt structuring.

Prior to his appointment as the CEO of Construction Bank, he served as CEO of the Agricultural Development Bank (adb), and also worked as the Head of Wholesale Banking of Stanbic Bank.

He has also worked with the Ghana Commercial Bank. At Barclays Bank Ghana, he is said to have been appointed as the then youngest Business Development Manager, after he was trained at the Barclays Bank Plc (UK).

Mr. Kpordzih is a chartered banker, a fellow of the Chartered Institute of Bankers, Ghana, and an associate of the Chartered Institute of Bankers, United Kingdom.

William Ato Essien (CEO of Capital Bank)

William Ato Essien is the Founder & President of Essien Swiss International Capital Holdings.

He holds a BSc Degree in Marketing and a number of certificates from the Ghana Stock Exchange.

Ato Essien is responsible for developing and driving the strategic direction of Essien Swiss International Capital Holdings

He has held various positions in Finance and Management and prior to establishing Essien Swiss International Capital Holdings, he was the Chief Executive Officer of capital Bank.

An internal report of the now-defunct Capital Bank showed that the founder of Capital Bank, William Ato Essien and two others owed the bank GHC 79.9 million at the time if the bank collapse.

This represented about 60 per cent of the total Third Party Funds. According to the report William Ato Essien owed the highest among the three.