Renowned business mogul, and no doubt one of Ghana’s wealthiest men, is Dr. Kofi Amoah. Amoah has been voted as Marcopolis’ tenth (10th) most influential businessman in the country. Best known for his work with Western Union, he has dabbled in various industries that earned him a net worth of over $341 million.
Amoah attended Opoku Ware School, Kwame Nkrumah University of Science and Technology, and the University of California. He has experience in business management, business development, and investment services.
Perhaps Amoah’s most significant accomplishment was bringing US-based Western Union to the continent of Africa. Western Union - a name just about everyone on the planet knows - is a money transfer service that people depend on. As CEO of Progeny Ventures, he and his company facilitated bringing Western Union to Africa, but his proposal was initially denied due to bad press regarding the continent and its association with AIDS and tribal wars. However, for months he pursued the president of the company until it was approved. This was the beginning of money transfers in Africa, and perhaps even the removal of the stigma placed on the continent.
Amoah’s other ventures include endeavors in the entertainment, insurance, and financial sectors. He is the owner of the famous “Citizen Kofi,” a popular entertainment center in Accra. Moreover, he has served as the Director of State Insurance Company of Ghana.
The United States was home to Amoah for quite some time. There, he worked for various companies, including Northrop, Electronic Data System (EDS), Southeast Investment Corporation Development, Elsafe Incorporated, and more.
Not only has Amoah worked for top companies, he has also founded a few of them. He is the owner and President of JS Investments, one of the largest asset management companies in Pakistan, as well as a company in Ghana, called Progeny Aluminum and Design.
As if those accomplishments were not enough. Amoah has been a member of several organizations, including Ghana Investment Advisory Council and Ghana Football Association.
Amoah did not only make the ability to transfer money in Africa possible, but he has also attracted foreign direct invest (FDI) into Ghana. Furthermore, he has led and continues to lead chains of corporations and organizations to success. His hard work and advanced way of thinking have been observed by other entrepreneurs, which is why they voted him to be part of Marcopolis’ Top Ten Most Influential Businessmen in Ghana.