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The richest investor on the Ghana Stock Exchange, Daniel Ofori, has gained over $13.2 million from his stake in Société Générale Bank Ghana PLC this year, thanks to the sustained surge in the bank’s shares and gains from the strengthening Ghanaian Cedi against the U.S. dollar.
Ofori holds 48.24 million shares in the Accra-based bank, representing a 6.8 percent stake. That makes him the largest private shareholder and the third-largest overall, behind Société Générale Financial Services Holding and Ghana’s Social Security and National Insurance Trust.
Shares climb lifts Ofori’s holdings above $18 million
Société Générale Ghana has maintained its position as one of the country’s leading banks, serving both retail and corporate clients across energy, trade and manufacturing sectors. Its stock has climbed steadily, rising from GH₵1.5 ($0.14) on Jan. 1 to GH₵4.1 ($0.38).
According to data tracked by Billionaires.Africa, the market value of Ofori’s stake has grown from GH₵72.41 million ($4.93 million) at the start of the year to GH₵197.92 million ($18.14 million) at the time of this report—a gain of GH₵125.51 million ($13.21 million).
Nine-month profit hits $31.53 million
The bank reported a profit after tax of GH₵344.3 million ($31.53 million) in the nine months to September, up 25.5 percent from GH₵274.33 million ($25.13 million) a year earlier. The bank attributed the increase to stronger net interest income, trading gains, and recoveries on loans.
The profit surge has drawn investor attention, pushing the stock higher and adding over $13 million to the value of Ofori’s holdings. Following years of cleanup and regulatory reform, this represents a wider recovery in Ghana's banking sector.
Ofori’s portfolio spans Ghana’s financial sector
In addition to Société Générale Ghana, Ofori owns shares in SIC Insurance, CalBank, and GCB Bank. The stakes demonstrate his long-term dedication to Ghana's financial industry.
