Osei Kwame Despite is a name everyone knows in the Ghanaian media business. He is best known as Chief Executive of the leading radio stations in the country, PeaceFM, OkayFM, and HelloFM. However, Osei also dabbles in other industries, as well, making him Marcopolis’ third (3rd) most influential businessman in Ghana.
Osei was born in 1962, and started life as a simple trader. He dealt with things he had interests in, mainly music cassettes. After years of striving for a better life, he made the decision to leave Ghana for Nigeria. However, he was forced back home in 1983 due to political tension in country.
Unfortunately, Osei returned home with only a chainsaw machine and a cassette player. With his chainsaw, he started a small timber contracting business. On his first business trip, a falling tree crushed his chainsaw, and at the same time, crushed his new business. However, nothing could bring the resilient, future media-mogul down. He returned to his cassette selling trade.
Osei had one thing most people in the media market didn’t have- a desire to support the local music industry, which was on a rapid decline. In 1999, he went into the radio business, and put his Ghanaian culture above all else.
The radio station’s experimentation with the language of the Akan ethnic group of Ghana proved to be successful, as more and more radio listeners kept tuning in. Osei was proud to have accomplished bringing information to the Ghanaian people that they can finally understand in their mother tongue. He believed this was something they can relate to and would educate the listeners.
It was a snowball effect for Osei after that. He established his other radio stations, and created his holding company- Despite Group of Companies (DGC). Today, it is now the parent company of three (3) radio stations, an iodate salt production company called U2 Company Limited, NEAT Foods Company (which markets brands, such as NEATBanku, NEAT Abenkwan, NEAT Hausa Koko, and NEAT Dairy Products), and the latest addition to the company, United Television, which is a digital television station. Osei’s interests in many types of sectors does not end there, he also has stakes in real estate and finance companies.
According to the Daily View, his business ventures have ranked him as the second (2nd) richest man in Ghana, with the status of “billionaire.” Despite all of the money and success, Osei is known as being a modest, attention-shunning person who has never forgotten his humble beginnings.